Economics & Labour

Strike Action On The Increase

As we predicted in our year end Wage Settlement Survey, strike action is significantly up for year to date 2009.

Currently, our statistics show nearly double the number of strikes over the full total for last year, and there are still significant negotiations in the pieline.  Whilst wage settlements are contiuing to increase (see our note in this regard), there is a definate hardening of employer attitudes insofar as settlement levels are concerned.  COSATU still has double digit settlements in mind, but employers' feeling the weight of the struggling economy seem unable and unwilling to meet these demands,  A volatile mix.

Keep an eye on Transnet negotiations, as well as the Chamber of Mines.  The Johannesburg bus drivers also bear watching, as their industrial action continues.