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Eskom, which is under unprecedented financial strain, received another blow on Thursday when the CCMA awarded employees a further 1.5% wage increase, backdated to July 2021.
The company is under unprecedented economic strain as it burns millions of litres of diesel a day to keep the lights on. This comes on top of lower sales revenue due to load shedding and its generally unsustainable position due to high debt, low-cost recovery and unpaid bills by municipalities.
The award relates to the 2020/21 year in which Eskom granted a unilateral 1.5% increase to employees in the central bargaining forum. These are unionised employees belonging to NUM, Numsa and Solidarity. The CCMA has added an additional 1.5% which will be backdated to 1 July 2021.
This year, Eskom employees received a 7% increase after a damaging illegal strike that triggered stage 6 load shedding. At the time, Eskom said that the wage increase would add R1 billion to the wage bill.
The additional 1.5% will add about R142 million to the annual wage bill. It took a year for the arbitration to be finalised.
Eskom employees get another 1.5% wage increase | Business
Eskom unionised employees have received another 1,5% in backdated pay.