Telecom and Napwu sign wage agreement
09 Sep 2013 09:10
WINDHOEK, 09 SEP (NAMPA) - Telecom Namibia and the Namibia Public Workers Union (Napwu) on Monday signed a basic salary increment agreement of 8.5 per cent for bargaining-unit employees in the A2 to C3 job grades.
The increment will come into effect on 01 October 2013 for the 2013/14 financial year.
Telecom Namibia Managing Director (MD) Frans Ndoroma and Napwu General Secretary Peter Nevonga signed the Memorandum of Agreement on salaries and benefits on behalf of the two parties.
Speaking at the signing ceremony, Ndoroma said the total remuneration package increase amounts to six per cent on total cost-to-company for employees in job category C3 to D4 of the bargaining unit.
Monthly housing allowances for employees in Paterson grades A2 to C3 will also increase by N.dollars 200 monthly, while transport allowances for employees in grades A2 to C3 will increase from N.dollars 965 to N.dollars 1 015 per month.
Ndoroma said subsistence and travel (S& T) allowances will be increased from N.dollars 225 to N.dollars 275 per day, while daily trip allowances will rise from N.dollars 45 to N.dollars 95, and special allowances from N.dollars 72 to N.dollars 87.
The MD furthermore stated that maximum housing loan guarantee qualifying amounts will increase to N.dollars 80 000.
This agreement will cost the company N.dollars 23 million for the 2013/2014 financial year. We believe this will be money well-spent for our growing company, and that our customers will benefit from employee-focused competitive service, he noted.
On his part, Nevonga said Telecom and his union have a good working relationship.