The National Union of Metalworkers of South Africa (Numsa) said on Wednesday (May 25) it had signed a pay deal with ArcelorMittal South Africa, ending a two-week strike over a pay dispute.
Source: Reuters/Sumaya Hisham
The union, which went on strike on May 11 demanding a 10% pay rise, said it had agreed a 6.5% increase across the board – on basic pay and allowances – with retroactive effect from 1 April 2022.
The company, Africa’s largest steel producer, majority-owned by Luxembourg-based ArcelorMittal SA, also agreed to pay all workers a one-time payment of 5,000 rand, the union said.
Increase above inflation
“The National Union of Metalworkers of South Africa is pleased to announce that it has signed an above inflation raise for all workers at ArcelorMittal South Africa (Amsa),” Numsa said in a statement on Wednesday. evening.
“We met with company leaders today to negotiate an end to the strike which our members have accepted. As a result, the strike at AMSA is over.”
ArcelorMittal was not immediately available for comment.
The company had filed a final offer of 7%, consisting of a 5% increase on all compensation elements as well as a cash equivalent of 2% based on all compensation elements.