Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Furniture Manufacturing IndustryExtension to Non-Parties of the Main Collective AgreementAddendum 4 : Inflation Parameters |
| 1. | INFLATION PARAMETERS ACROSS THE BOARD WAGE INCREASES OF ACTUAL HOURLY RATES OF PAY EFFECTIVE FROM THE FIRST FULL PAY WEEK IN MAY 2021 AND MAY 2022 IN RESPECT OF ADDENDUMS 2 AND 3 |
| 1.1 | Across the board hourly wage rate increases of actual hourly wage rates effective from the first full pay week of May 2021 and May 2022, shall be applicable as reflected above, provided that the CPI rate for the year ending February 2021 and February 2022 is not below 3% or above 8.5 %. |
| 1.2 | If the official CPI rate for the year ending February 2021 and February 2022 is below 3 %, the Employer party to this Agreement may request to renegotiate the across the board hourly wage rate increases and if it is above 8.5 %, the Trade Union parties may request to renegotiate the across the board hourly wage rate increases for the periods effective from the first full pay week of May 2021 and /or the first full pay week of May 2022, provided that such requests must be submitted to reach the other parties by not later than 15 March of the applicable year. |
[Addendum 4 inserted by section 20 of Notice No. 333, GG43447, dated 19 June 2020]
