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Biggest Transnet worker union agrees to wage deal
South Africa’s state-owned ports and rail operator reached a three-year wage deal with its biggest labour union, with its members agreeing to immediately call off a strike that caused a costly slowdown of exports of minerals and other goods.
Transnet SOC Ltd.’s offer to pay workers raises of as much as 6% and improve housing and medical benefits was accepted by the United National Transport Union, which represents 24,992 workers, or 54%, of those who were party to the wage talks.
[Bloomberg]
South Africa’s state-owned ports and rail operator reached a three-year wage deal with its biggest labour union, with its members agreeing to immediately call off a strike that caused a costly slowdown of exports of minerals and other goods.
Transnet SOC Ltd.’s offer to pay workers raises of as much as 6% and improve housing and medical benefits was accepted by the United National Transport Union, which represents 24,992 workers, or 54%, of those who were party to the wage talks.
[Bloomberg]
