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Labor Deal Ends Latest Auto Strike in South Africa
A month-old strike among auto parts suppliers in South Africa is over.
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A month-old strike among auto parts suppliers in South Africa is over.
Members of the country's National Union of Metalworkers have agreed to a three-year pact that will hike wages at large suppliers by 10% this year and 8% over the following two years, according to BBC News. Smaller suppliers will boost wages by 9% and 8% over the same intervals.
The parts strike followed walkouts by the same union that shut down vehicle assembly lines at BMW, Daimler, Ford, General Motors, Nissan, Toyota and Volkswagen for three weeks beginning Aug. 19. That strike cost the industry an estimated $2 billion, according to the BBC.
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