Nafinu and NedBank agree on 8 per cent salary increase

03 Jun 2013 12:00
WINDHOEK, 03 JUN (NAMPA) - The Namibian Financial Institutions? Union (Nafinu) has given the NedBank management two weeks to reconsider banking fees for all its employees.
?We gave the management enough time to look at employees' banking fees in order to give them (workers) the lowest and fixed fees, different from the bank?s clients,? Nafinu General Secretary Asnath Zamuee told Nampa here on Monday.
She said the union and NedBank have, in the meantime, agreed on an eight per cent salary increase for Nedbank employees in the bargaining unit.
NedBank employees demanded a nine per cent salary increase for workers in the bargaining unit, while management was only willing to offer a seven per cent increase.
Zamuee added that the union is still waiting to hear from the management on the workers? demand for a 100 per cent company contribution towards their medical aid.
NedBank Executive Communication Officer Rector Mutelo confirmed to this agency on Monday the bank received a request from Nafinu to give employees a 'flat? banking fee on all banking services.
?We agreed on an eight per cent salary increase. However, we are requested to go back to our mathematics and calculate lower and fixed banking fees for employees within two weeks. That we will do and come back to them (union),? he said.
Mutelo said the employees are currently treated like all Nedbank clients in connection with banking fees, depending on the number of transactions.
NedBank has 21 branches throughout the country, with over 500 employees.