# Employers in the steel industry are urging workers to be realistic in their expectations going into the 2024 wage negotiations, given the industry’s dire financial situation. In 2022 and 2023, workers received increases equivalent to five-percent. The president of the Steel and Engineering Industries Federation of Southern Africa, Elias Monage, says two options could be considered when wage negotiations ensue. These are reopening wage negotiations from scratch to include new wage increases and other remuneration benefits, or working from the existing agreement as a base and improving parts of it.
Steel industry workers urged to be realistic in their expectations heading into wage negotiations