Exclusive – Eskom increases its offer in wage talks again to 5.25%
Eskom has raised its wage hike offer to unions to 5.25% from 4.5%, according to a document seen by Business Maverick.
The trio of unions involved will hold separate meetings later in the day – called caucusing – but a union source said he expected them to reject the offer.
Solidarity is demanding CPI plus 3%, NUM 11% and Numsa 12%.
CPI slowed in April to an 11-month low of 6.8%, data showed on Wednesday. That is unlikely to prevent the central bank from hiking rates again on Thursday to stem the rand’s meltdown.
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With inflation at elevated if slowing levels and interest rates rising, the unions will almost certainly push for more than the 5.25% offer which Eskom described as “final”.
The third round of the talks will end Thursday and if they end deadlocked a dispute will likely be called, sending the process into conciliation and arbitration. DM/BM