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ArcelorMittal SA reaches a wage agreement with Numsa and Solidarity, ending strike action

VANDERBIJLPARK - ArcelorMittal South Africa says it has reached a wage agreement with the National Union of Metalworkers of South Africa (NUMSA) and Solidarity that brings an end to the two-week long wage dispute and strike action at the company’s operations, including in Vanderbijlpark. ArcelorMittal South Africa’s Chief Executive Officer, Kobus Verster, said they are serious about working with their stakeholders to create mutually beneficial outcomes. He says the agreement that has been reached with the unions is testament to the commitment of all parties to move the business forward rather than getting stuck in an unfortunate wage dispute that does not serve anybody, especially their employees. The agreement, which will be backdated to 1 April 2022 and applies to all bargaining unit employees, is made up of a 6,5% increase on all remuneration elements, plus a R5 000 once-off ex-gratia payment. Verster said they will continue to build on the progress they have made in the past few years to revive and strengthen the business, which includes continuously improving their cost competitiveness in the market and maintaining stable and reliable operations.

PHOTO: (Supplied)

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