The power utility said in a statement that it had reached an agreement with the National Union of Mineworkers (NUM), National Union of Metalworkers of South Africa (Numsa) and Solidarity during its central bargaining forum process on Thursday.
In addition, Eskom said the parties agreed to a 7% increase in the housing allowance over the three-year period and a once-off taxable payment of R10 000 for the first two years.
Eskom’s Acting Group Chief Executive Calib Cassim, said: “The collective agreement will go a long way in stabilising our organisation by providing Eskom with sufficient space and time to collaboratively work together to urgently address our most pressing challenges.”
“It is worth noting that this is the first time in more than a decade that the parties have reached an agreement in the room,” Cassim said,
The power utility said it is grateful to all the parties for their commitment to the wage negotiation process and for placing Eskom and the interests of all South Africans first.
This story first appeared in Moneyweb.
