{"id":8847,"date":"2021-04-23T15:39:40","date_gmt":"2021-04-23T15:39:40","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=8847"},"modified":"2021-04-23T15:28:53","modified_gmt":"2021-04-23T15:28:53","slug":"transnet-unable-to-meet-unions-wage-demands","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/transnet-unable-to-meet-unions-wage-demands","title":{"rendered":"Transnet unable to meet unions\u2019 wage demands"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a>. <\/strong><\/span>Railway company Transnet said it was not in a position to meet the demands made by unions in the Bargaining Council on wage hike negotiations.<\/p>\n<p>\u201cThe difficult economic climate and the resultant decline in the operational and financial performance of the company mean Transnet is not in a position to accede to the demands made by the unions in the Bargaining Council. In the current context, Transnet believes its offer is reasonable and realistic,&#8221; the company said in a statement.<\/p>\n<p>Transnet has offered a 3% wage hike \u2013 a figure that the United National Transport Union (UNTU) and the South African Transport and Allied Workers Union (SATAWU) rejected.<\/p>\n<p>The unions said Transnet\u2019s proposed increase was \u201cso bad that organised labour can\u2019t even present it to their constituents to obtain a revised mandate.\u201d<\/p>\n<p>Transnet said its results showed a decline in transported volumes.<\/p>\n<p>\u201cIt is important to note that for the nine months to December 2020, Transnet reported a decline in volumes transported, resulting in lower revenues \u2013 primarily as a result of the economic downturn. The company\u2019s priority focus is to ensure improvements in operational and financial performance, to get the company back on a positive growth path, and to sustain jobs,\u201d it said.<\/p>\n<p>According to Transnet, the next step is for the Bargaining Council to schedule a conciliation process in terms of the Labour Relations Act.<\/p>\n<p>\u201cTransnet will continue to address this matter in the best interests of the company, its shareholder, employees, customers, and the economy,\u201d the company said.<\/p>\n<p><b>BUSINESS REPORT ONLINE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Railway company Transnet said it was not in a position to meet the demands made by unions in the Bargaining Council on wage hike negotiations. \u201cThe difficult economic climate and the resultant decline in the operational and financial performance of the company mean Transnet is not in a position to accede to [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":8846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-8847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Transnet unable to meet unions\u2019 wage demands - 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