The days of unions negotiating annual deals are numbered
When the International Labour Organisation released its latest collective bargaining report, the deputy general secretary of the European Trade Union Confederation, Claes-Mikael Stahl, indicated that while collective bargaining is regarded as the cause of labour disputes it should in fact be the solution.
The government’s discussion document “Framework for a social compact in SA”, which was tabled at Nedlac as an input to the social compact between the government, business and organised labour, is moving in the direction of a solution, with among other things a recommendation in favour of multiyear wage agreements.
This started in 2020 with Tharisa Mine concluding a four-year wage agreement with mining unions. In a notice to shareholders, the company indicated: “The agreement underpins the ongoing stability of Tharisa’s labour relations and allows the Tharisa Mine to focus on growing the business for the benefit of all stakeholders”.
Employer resistance to long-term agreements stems precisely from uncertainty about whether a company will be sustainable enough to comply with the conditions of long-term agreements. This could be overcome by including a standard clause in the agreement to adjust increases in line with a company’s profitability or drastic changes in the exchange rate, inflation or commodity prices, among others.
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