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Threatened with strike, Transnet ups wage hike offer to 3%

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On Wednesday, Transnet sweetened its wage offer to unions, boosting its wage hike offer from 1.5% to 3%, on the day it was set to receive strike notices from unions. The South African Transport and Allied Workers Union and the United National Transport Union rejected the 1.5% wage increase offer on Tuesday, and said they would serve the rail company with notice of an intention to strike on Wednesday. The unions said the strike could start as soon as this week. Transnet said on Wednesday that it would table the offer formally at the bargaining council on Wednesday with UNTU and on Friday with Satawu. The new offer will include a 3% increase to guaranteed pay with effect from 1 April and back-pay for April to September will be paid next year.

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