Results 1 to 3 of 3

Thread: Pay increases in 2010

  1. #1
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,649
    Thanks
    3,305
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12

    Pay increases in 2010

    Pay increases are probably one of the major factors in determining how quickly we recover from the recession and GFM. For industries with export potential, it will also have a marked effect on their global competitiveness.

    Will labour take a long view when it comes to wage negotiations this year?
    The National Union of Metalworkers of SA (Numsa) will demand a wage increase of 20% across board in the motor sector and three other sectors this year, it announced on Friday.

    "This demand is simply about maintaining the 2007 buying power of our members. Workers have experienced a fall in real wages since the last bargaining round held in 2007," said spokesperson Castro Ngobese in a statement.

    The union would also negotiate the same one-year-wage agreements for the tyre manufacturing industry, iron and steel houses and at Eskom.
    full story from M&G here
    Not likely, by the looks of things.

  2. #2
    Platinum Member sterne.law@gmail.com's Avatar
    Join Date
    Oct 2009
    Location
    Durban
    Posts
    1,332
    Thanks
    38
    Thanked 566 Times in 413 Posts
    Blog Entries
    7
    What a bunch of stupid &$%^$%.
    Remember also that motor industry negotiates a 3 year agreement, so heres looking at you SAM.
    Anthony Sterne

    www.acumenholdings.co.za
    DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form.

  3. #3
    Diamond Member AndyD's Avatar
    Join Date
    Jan 2010
    Location
    Cape Town
    Posts
    4,923
    Thanks
    576
    Thanked 934 Times in 755 Posts
    "This demand is simply about maintaining the 2007 buying power of our members. Workers have experienced a fall in real wages since the last bargaining round held in 2007," said spokesperson Castro Ngobese in a statement.
    The rest of the world has experienced a fall in their buying power since 2007. What makes the members of Numsa so special that they shouldn't?

Similar Threads

  1. SCHOOL--1957 vs. 2010, How Free ARE we REALLY?
    By sgafc in forum General Chat Forum
    Replies: 8
    Last Post: 22-Mar-10, 01:38 PM
  2. How To Save Company Tax In 2010
    By derekjay in forum Tax Forum
    Replies: 11
    Last Post: 28-Jan-10, 03:35 PM
  3. High wage increases a threat to growth?
    By Dave A in forum Business Finance Forum
    Replies: 0
    Last Post: 10-Nov-09, 09:41 AM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •