South African unions accept Eskom wage offer
Struggling Eskom and its three recognised labour unions signed the agreement for a 7% salary increase a week after Eskom started implementing prolonged power cuts, blaming them on striking workers hampering efforts to bring malfunctioning power units back online.
Eskom relies on an ageing coal fleet that is highly prone to faults. South Africa has faced intermittent power cuts for more than a decade that have hindered economic growth. Already burdened with unsustainable debt levels and tariffs that are not yet cost-reflective, Eskom said the wage increase "will be a struggle for Eskom to afford".
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