08
May
16:08
Unions says AMSA strike averted with wage deal
ArcelorMittal South Africa (AMSA) has signed a wage agreement with the National Union of Metalworkers of South Africa (NUMSA), which says it was on the verge of a strike over a pay dispute.
The agreement, backdated to 1 April, meaning workers receive back pay, runs through March 2026. It stipulates a 6.5% wage increase for year one, 6.5% for year two, and for year three the increase will be consumer price index (CPI)-based but capped at 6.5%. It also includes a on…
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Anonymous
Very good overview of the weekly steel market.
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