Telecom to spend 23m on wages and benefits

11 Sep 2013 08:00

Telecom Namibia today signed a wage agreement with the Namibia Public Workers Union (NAPWU) with effect from 1 October and will cost the company N$23 million for the 2013/14 financial year.

The agreement was a Memorandum of Understanding on salaries, housing, transport, and other related allowances for employees in the bargaining unit for the 2013-2014 financial year.

The most noteworthy of increments agreed by the negotiating parties are basic salary increase amounting 8.5% for bargaining unit employees in the A2 to C3 job grades, total remuneration package with an increase amounting to 6% for bargaining unit employees on total cost to company in the job category C4 to D3 as well as monthly housing allowance for employees in Paterson job grades A2 to C3 will be increased by N$200.00.

Telecom Namibia managing director, Frans Ndoroma expressed his delight at the signing… “I am happy to say that today we celebrate a partnership of mutual respect in which the rights of management to manage the company in the interest of both the shareholders and employees and the union’s right to represent the interest of its members, have formed the basis of employee relations that both parties can be proud of”.

He further stated that Telecom Namibia in their pursuit of a vision to become the preferred service provider of ICT solutions and services.

Ndoroma says he believes the money is well spent and the customers of Telecom Namibia would only benefit from employees focused on providing competitive services.