Transnet operations at a port in South Africabegin to intensify their industrial action over wages.
Force majeure will protect the state-owned company against failure to fulfill its contractual obligations. downed tools from midnight Thursday. The company failed to avert the strike with its last-minute revised offer of between 3% and 4%, while workers are demanding a 12% increase.The company has urged its workers to reconsider the offer as it believes it is fair and reasonable.The South African Transport and Allied Workers UnionThe union says 18 000 of their members at Transnet will down tools on Monday over the wage dispute.
Economists have warned it could be hugely damaging to supply chains and the economy as a whole. Industries like mining rely heavily on exports. Transnet has argued that the strike is illegal due to lack of evidence of the balloting process and the absence of picketing rules.“A month ago, Transnet made a profit of R5 billion during the time when they were declaring their profits at the end of their last financial year. That five billion is the money that has been worked by workers and workers were working even during the hardship of lockdown.
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