Transnet has reached a wage agreement with its recognised labour unions, the SA Transport Allied Workers’ Union and United National Transport Union.
In terms of the agreement signed yesterday, the parties have settled on a 5% increase for the current financial year for bargaining unit employees.
“Transnet’s main focus remains on ensuring financial sustainability and operational improvements in the business, to drive competitiveness of South Africa’s logistics system in all the segments that we operate. A stable relationship between all the actors within the company is crucial for us to achieve the above,” the organisation said in a statement.
