By Staff Reporter
WINDHOEK, July 27 — Namibia Breweries Limited (NBL) and the Namibia Food and Allied Workers Union (NAFAU) have successfully reached a substantive wage agreement for the 2024 financial year.
Under the new agreement, all bargaining unit employees at NBL will receive an overall increase of 7.5% on their basic salaries. The agreement is applicable for the periods 1 July 2023 to 30 June 2024 and 1 April 2023 to 30 June 2024, respectively.
Additionally, the company will maintain its current incentive scheme, enabling bargaining unit employees to earn an additional bonus equivalent to a monthly salary during the financial year.
During the signing of the agreement, NAFAU’s Regional Coordinator, Mr. Simon Muukapo, expressed appreciation to NBL’s negotiation team for their transparent approach in finalizing the negotiations promptly. He acknowledged that the rising cost of living affects everyone, and the wage increase will be welcomed by the workers. Muukapo commended the efforts of the Shop Stewards in ensuring the demands of the workers were met, ensuring timely implementation of the salary increase.
Managing Director of NBL, Peter Simons, extended his gratitude to all parties involved in the negotiation process. He acknowledged the collaboration between the union and the business in reaching a mutually beneficial consensus that ensures the employees will receive their increases in the upcoming payroll.
Simons emphasized that the agreement allows NBL to maintain its focus on business performance, fulfilling its mandate, and achieving the annual business plan’s objectives for the benefit of all stakeholders, including shareholders, employees, customers, and consumers.
With the successful conclusion of the wage agreement, NBL is poised to continue its commitment to excellence and sustainable growth, further cementing its position in the market and benefiting all those associated with the company. – Namibia Daily News
