Agribank inks agreement with financial union

Agribank signed a revised Recognition Agreement with the Namibian Financial Institutions Union (Nafinu)in Windhoek earlier this week.
The union was represented by its Secretary General, Asnath Zamuee and National Organiser, Cherlien Ngeseuako, while Agribank was represented by its Chief Executive Officer, Ambassador Leonard Iipumbu and General Manager of Corporate Services, Regan Mwazi.
At the event Ambassador Leonard Iipumbu said, he was happy to see yet another milestone to pave the way to building harmonious industrial relations between Agribank and Nafinu as the recognised Trade Union of the employees.
“We are signing the revised Recognition Agreement with NAFINU which will basically solidify, consolidate and guide the relationship between Agribank and the union as the official recognised workplace representatives of our employees,” he said.
Iipumbu said the signing of the agreement also demonstrates Management’s commitment to building a constructive and meaningful relationship with the employees and to promote open communication, understanding and cooperation.
According to Iipumbu the Agreement aims to amongst other things; regulate all substantive collective employment issues pertaining to the bargaining unit as define; foster representation of employees with regards to disputes of interest and disputes of rights and facilitate transparency between the two parties.
“The recognition agreement creates a relationship between the two on behalf of Management. I would like to assure you of our resolve to honour and implement this agreement to the letter and spirit,” he said
“This Agreement will become legally binding on Agribank and Nafinu from the date of signature until such time that Nafinu longer represents 50% plus 1 of the AGRIBANK employees,” he added.
Furthermore, Iipumbu said the signing of this agreement should therefore augment efforts to support productivity, fairness and integrity as embodied in our core values of letting the cap fit.