The wage agreement is valid from 1 July 2022 to 30 June 2025. Workers will receive an 8.5% increase in the first year, and a 7% or CPI-related increase afterwards. | News24_Business
) has secured an 8.5% wage increase for workers in the auto industry. The union, chuffed about getting an above-inflation increase for its members, pointed out that in the last bargaining period in 2019, the total quantum of wage increases it secured in this sector amounted to 23% for three years.
"It is progressive in that we secured an 8.5% increase in the first year, which is an above inflation increase…Now in 2022, the union managed to secure 22.5% in the post-covid-19 era, and against the poor economic outlook," wrote Numsa general secretary Irvin Jim in a statement. This wage agreement is valid from 1 July 2022 to 30 June 2025. Workers will receive an 8.5% increase in the first year, backdated to 1 July 2022. In the second year, they will get a 7% or CPI-related increase, whichever is greater. The same will happen in year 3.
Over and above those annual increases, they will get a once-off gratuity payment of R10 000.00 in year one. Furthermore, the union has negotiated more favourable terms for short-time workers and movements to higher salary bands. "It is significant that we have maintained the standard for the sake of workers and their families when other unions are encouraging members to sign agreements and settle with 3%," said Jim.
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