Eskom Enters Into A Salary Hike Agreement
South-Africa based electricity supply commission, Eskom has signed a three-year wage agreement with its trade unions. The company along with its unions will raise the salaries of its non-managerial employees by 7 per cent, over a period of three years.
And that is not it, the management has also promised to give a 7 per cent increment in the housing allowance over the same period. Additionally, there will be a one-time taxable payment of R10,000 (approx $547.44) for the initial two years. The wage hike will commence from July 1, 2023 up to June, 2026.
In an official statement released on Thursday, Eskom extends its gratitude to all parties involved for their dedicated commitment to the negotiation process, prioritising the well-being of Eskom and all South Africans. Irvin Jim, general secretary, National Union of Metalworkers of South Africa (NUMSA) stated that this agreement signifies an improvement in the relationship between NUMSA and Eskom.
Additionally, in a statement, Calib Cassim, group chief executive, Eskom explained the significance of this agreement towards the stability of the organisation. It will allow Eskom the necessary time and opportunity to collaboratively address its most critical challenges, especially in the finance part. He further highlighted that it is noteworthy that the parties have successfully reached an agreement in person for the first time in over ten years.
