The Leadership of the United National Transport Union (UNTU) today signed a wage agreement for a 7, 1% wage increase for all our Transnet employees for the next three years backdated to 1 April 2018.
The housing allowance and the medical aid allowance will also increase with 7, 1% for the next three years.
Lastly there will be no forced retrenchments in Transnet for the next three years.
Wyndham Evans, President of #UNTU, says although the Union obtained a mandate from most of its Branches to sign a multi-term wage agreement for a 6,5% salary increase for this year, 7,25% increase for 2019 and 7,75% increase for 2020, he believes the current distribution of the increase will put our members in a better financial position year on year.
“Although the consumer price index excluding mortgage costs (CPIX) is only 4, 8%, UNTU realises that the increase of 1% on value-added tax (VAT) from 1 April 2018 and the increased fuel tax-levy will have a significant negative impact on the budget of all households.
“UNTU believes this wage agreement is the best Organised Labour could reach, bearing in mind the difficult financial situation Transnet and the country finds itself in after the international rating agency, Standard & Poor, downgraded the state-owned enterprise rating to junk status in November last year.
“UNTU remains committed to protect the jobs of all its members while negotiating wages and better working conditions,” says Evans.
Issued on behalf of UNTU by Sonja Carstens, Media and Liaison Officer. For UNTU Press Statements phone 082 463 6806 or e-mail email@example.com