WINDHOEK, Sept. 26 – Meat Corporation of Namibia (Meatco) workers are set to receive a 10,88% salary increase for the 2017 financial year after the Namibian Food and Allied Union (NAFAU) represented them in wage negotiations.
In addition, the employees will also receive an inflationary increase for 2018, 2019 and 2020, which shall be the Consumer Price Index (CPI) figure for February of each year respectively, with a minimum of 5% and a maximum of 10%.
Meanwhile, housing allowance was set at 7% of employees’ basic salary with a minimum of N$250.00.
Meatco and NAFAU reached a settlement in the wage negotiations between management and NAFAU for the Bargaining Unit Employees. Both Meatco and NAFAU were satisfied with the terms and conditions of the negotiation process.
Meatco is happy that the negotiations occurred in a civil and peaceful manner, which did not lead to any labour unrest, and further congratulated the negotiation teams from both sides for the maturity with which they approached the negotiations.
“Though the negotiation was long and protracted, both parties agree that this a win- win agreement and hope and trust that for the next two years it will assist us to regulate industrial peace and harmony at the company,” NAFAU representative Lister Tawana said.
However, employees received their normal salaries on 25 September 2017 for the September pay month, while the difference shall be paid in the form of a back pay on 06 October 2017 backdated from 01 March 2017.
Tawana further urged members to increase their productivity as the country is facing economic headwinds, which have resulted in retrenchments in some companies, adding that the 10,88% of this year is a great achievement, which will be followed by inflation indicators for the next two years. – Sharma Mundingi