Johannesburg – Workers in the Fast-Moving Consumer Goods sector have been awarded a 6,5% pay increase, the General Industries Workers Union of South Africa (GIWUSA) announced on Sunday.
GIWUSA said it was “pleased to announce that we were able to find common ground and successfully secure a wage increase for members/workers in the fast-moving consumer goods sector”.
“This success came as a result of collective efforts from CEPPWAWU [Chemical, Energy, Paper, Printing, Wood and Allied Workers’ Union], GIWUSA, and SACWU [South African Chemical Workers Union].
“This agreement is only binding to employers who form part of the FMCG Employers).”
This agreement provides for an increase as of the 1st of July 2024.
The union said the development comes at the back of a substantive agreement dating back to 21 August 2023.
“This increase will be on the basis of the average Consumer Price Index (CPI) plus one percent with a floor of 5.50% and a ceiling of 7%,” GIWUSA said.
“The average CPI will be the average of the CPI headline for 12 months from May 2023 to April 2024.
“The average CPI for the specified time was calculated at 5.40% which when added with the 1% improvement factor brings the increase to 6.40% which is less than the 7% ceiling.”
GIWUSA said workers will see their wages move from R8 924,94 to R9 496,14 from July 2024.
“This is the 2nd annual increase of the three-year agreement,” GIWUSA said.
“This agreement is binding from 1 July 2023 to 30 June 2025.
