Transnet offers new deal to unions in bid to avert strike

The SOE has offered workers, who threatened to go on strike from Thursday, an increase in wages of 3% across the boardTransnet has revised its wage offer of 1,5% to 3% across the board to workers in a bid to avoid nationwide industrial action that threatens to negatively affect the state-owned rail and logistics company’s operations.

The new wage offer tabled by Transnet on Tuesday will see workers receive a 3% increase across the board effective from April 2023 and a one-off payment of R7,600 before tax to each employee. “The revised offer further increases Transnet’s fixed salary base and, therefore, operating costs. Transnet’s wage bill already accounts for 66% of the company’s monthly operating costs, and given the current operational and financial performance of the business, it would be ill considered to offer unsustainable wage increases,” Transnet said in a statement.

Please please. Hoping they’ll accept

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