Union squeezes out a further R10,000 one-off taxable cash gratuity in above-inflation deal
The National Union of Metalworkers of SA has signed a three-year above-inflation wage deal with the country’s car manufacturers that saw the union squeezing out a further R10,000 in one-off taxable cash gratuity from their employers.
The union, SA's biggest with a membership of over 400,000, and the Automobile Manufacturers Employers Organisation , which represents Toyota Motors SA, Nissan, Isuzu, Ford, VW SA, BMW SA and Mercedes-Benz, signed a pay deal that will see workers getting rises of 8.5% in the first year backdated to July 1...
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