South Africa: Eskom plays hardball amid Cup fears

source: Fin24
Jun 30 2010 22:40
Sikonathi Mantshantsha

Johannesburg – The wage dispute at electricity supplier Eskom is set to continue with management and trade unions digging in their heels.

On his first day on the job, chief executive Brian Dames said Eskom’s revised offer was all it could afford and that wage negotiations were still ongoing.

“What we have offered is what Eskom can afford,” said Dames.

“Our last R3.6bn profit does not even cover our interest bill. Surely that’s not a healthy situation. Someone has to look after this company.”

Eskom recently improved its offer to an 8.5% increase in wages and a [continue reading]

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