Eskom wage agreement reached
Eskom has confirmed that a wage agreement was signed following marathon discussions with the National Union of Mineworkers (NUM), Solidarity and the National Union of Metalworkers of South Africa (NUMSA).
The wage agreement was reached at talks facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA), which intervened in the matter in terms of section 150 of the Labour Relations Act.
Eskom's Khulu Phasiwe said this brings an end to the strike that started on Monday.
"NUM and Solidarity have already signed the deal effectively meaning that the NUM is now going to call on its members to abandon the illegal strike action and everyone should be back at their posts during the course of the day," Phasiwe said.
Solidarity's Deon Reyneke explains said they signed a two year agreement.
"It's a two year agreement; 8.5 percent to 10 percent for the first year as well for the second year. Solidarity thinks this is one of the best agreements signed if you take the CPI into consideration," he said.
In addition, the housing allowance will also be increased by R160 per month this year, and a further R140 per month next year - bringing the total housing allowance to R3000 per month over the next two years.
NUMSA has not signed the agreement yet.