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Transnet averts potential strike after reaching three-year wage agreement with workers unions
The Mercury
|June 17, 2025
Transnet has signed a three-year wage agreement with its majority union, the United National Transport Union (UNTU), following a protracted negotiation process that required intervention from the Commission for Conciliation, Mediation and Arbitration (CCMA).
In a statement on Thursday, Transnet said that the wage agreement would see an increment of 6% for the 2025/2026, 2026/2027, and 2027/2028 financial years.
Transnet stated that this above-inflation agreement corresponds to an overall wage increase of 18% across the three years, encompassing increases to basic salaries and additional components, such as the 13th cheque, pension fund contributions, medical aid subsidies, and housing allowances.
"The finalisation of the three-year wage agreement provides labour stability and will enable the company to focus on its immediate strategic priorities of improving operational and financial performance, while positioning the organisation for future growth, thereby ensuring job security and economic growth," Transnet said.
Esta historia es de la edición June 17, 2025 de The Mercury.
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