Subscribe & Follow
Trending
Advertise your job vacancies
Telkom's wage deal with unions
Fixed-line operator Telkom on Monday (5 August) announced the successful conclusion of wage talks with organised labour after reaching a three-year wage agreement with the South African Communications Union (Sacu).
The principles of the agreement with three unions - Sacu‚ the Communications Workers Union and Solidarity - provides a general increase for each job type based on 6% of the market's median salary for the job. Lower-paid workers will receive an additional increase.
"It is encouraging that our employees are willing to support the company's initiatives to ensure cost effectiveness and the sustainability of our business. Our determination to close the wage disparities has not gone unnoticed‚" said Telkom's chief executive Sipho Maseko.
The telecommunications group has undertaken to engage with the unions if the consumer price index moves above 7.5% and remains at that level for a minimum of six consecutive months during the effective period of this agreement.
Source: Sapa via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
Chemical industry gets 7% increase in new bargaining agreement 29 Nov 2024 Earnings vs. lifestyle: half of salary earners have nearly empty accounts before payday 21 Oct 2024 March sees slowdown in salary increases 26 Apr 2024 #BizTrends2024: The influencer gold rush - amping up budgets by 30% 19 Jan 2024 Unions sign new wage deal with Eskom 19 Jun 2023 Unions reject Eskom's latest wage increase offer 26 May 2023
