BREAKING NEWS: Landmark wage deal reached in steel sector, Seifsa says

For all intents and purposes, the crippling three-week strike in the R15bn metals and engineering sector is over after the National Union of Metalworkers of SA accepted an above-inflation wage offer of 6% from employers.

This after Numsa, the country’s largest union with about 432,000 members, which had been on strike in the sector since October 5 demanding an 8% wage increase, said this week it was prepared to settle for the 6%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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