Employers in the automotive sector have offered unions a multiterm wage agreement for increases of up to 6.2% in the multibillion rand industry, but a pay hike deal is yet to be hammered out, with more talks scheduled between parties for next week.
The Automobile Manufacturers Employers Organisation (Ameo), the employer body representing Toyota Motors SA, Nissan, Isuzu, Ford, VW SA, BMW SA and Mercedes Benz, has proposed increases of 6.2% in the first year, 5.6% in year two and 4.7% in the final year, according to Irvin Jim, general secretary of the National Union of Metalworkers of SA (Numsa)...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
