South Africa\u2019s motor manufacturers failed to reach a wage agreement with the industry\u2019s labour union, the Nation Union of Metalworkers of South Africa, it said in a statement late on Thursday.<\/p>\n\n\n\n
A strike in the industry would heap pressure on South Africa-based auto manufacturers, which include Ford, BMW, Mercedes-Benz, Toyota and Volkswagen. <\/p>\n\n\n\n
They face steep tariffs on exports to the US, as well as shrinking market share in the face of an onslaught of cheap imported cars from India and China.<\/p>\n\n\n\n
Convened every three years to negotiate wage and benefits in the auto sector, the Automobile Manufacturers Employers Association said it had tabled a \u201cfull and final settlement offer to Numsa.\u201d<\/p>\n\n\n\n
Speaking to Business Day, Numsa said it had declined the offer and that a certificate of non-resolution would be issued, a process that could lead to a strike in an industry that contributes 5% of the nation\u2019s GDP, according to AMEO.<\/p>\n\n\n\n
Numsa, on behalf of its 400,000 members, is demanding a R20,000 gratuity, a larger contribution to healthcare for workers and three annual wage increases of 9%, 8% and 8%. <\/p>\n\n\n\n
AMEO, for its part, has offered an \u201ceconomically responsible\u201d 7% annual wage increase.<\/p>\n\n\n\n
Consumer prices rose 3.4% year-on-year in September, according to Statistics South Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"
South Africa\u2019s motor manufacturers failed to reach a wage agreement with the industry\u2019s labour union, the Nation Union of Metalworkers of South Africa, it said in a statement late on Thursday.<\/p>\n","protected":false},"author":59,"featured_media":798548,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[5687,1041],"class_list":["post-841631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-numsa","tag-strike"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/841631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=841631"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/841631\/revisions"}],"predecessor-version":[{"id":841632,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/841631\/revisions\/841632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/798548"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=841631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=841631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=841631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}