The agreement will see employees receiving a 7% increase in 2023, and 6% in the subsequent years until April 30 2028,The Steel and Engineering Industries Federation and Numsa have reached a 3-year wage agreement following negotiations which began in February this year.
Seifsa says in year one higher earners, will receive 6 %, while lower salary earners will receive a 7 % pay rise. The steel sector says apart from wage increases and an agreement being reached, the deal contains no additional or immediate cost to employment concessions.“This morning, we signed an agreement after the union received an overwhelming mandate from all the nine regions of Numsa. We have been in contact with members in the engineering sector, given the state of the economy. the union reflected and discussed with the members in December on how we will approach these negotiations.
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