The Eskom strike has come to an end after unions finally accepted the pay increase offer.
The National Union of Metalworkers of South Africa (NUMSA) has signed the collective agreement with the Eskom Central Bargaining Forum.
The wage offer is broken down as follows:
The agreement is a three-year agreement and will apply from 1 July 2018 – 30 June 2021 and is applicable to all permanent workers at Eskom.
Year one will see employees receiving a 7.5% increase, and a 7% increase during years two and three.
A once off cash payment of R10 000 after tax for all employees in the Bargaining Forum is to be made within 48 hours of signing.
The housing allowance will be increased by CPI for each year of the wage agreement.
The conditions of service will remain unchanged for the period 1 July 2018 – 30 June 2021.
Parties agree that the review of the current Short Term Incentive Scheme will be referred for further engagement at the Central Consultative Forum (CCF) negotiations.
