BBC Africa is reporting that a four-week strike in South Africa has come to an end after the country’s largest trade union reached a deal with employers.
The National Union of Metalworkers of South Africa (Numsa) said its 220,000 striking members had “unanimously” accepted the employers’ offer.
The deal promised three-year fixed annual wage increases of 10% for Numsa’s lowest-paid workers.
Both sides compromised significantly on the agreement.
The author writes:
“Numsa lowered its initial demand of an increase between 12 and 15%, while Steel and the Engineering Industries Federation of South Africa (Seifsa), the body representing employers, increased theirs, up from an opening 7%.
Seifsa chief executive Kaizer Nyatsumba said he hoped ‘all parties would honor the letter and spirit of the agreement.'”
The strike cost the engineering sector about R300m ($28M USD) a day.
Read more on BBC Africa.