Guest Contributor | Feb 20, 2024 | 0
Meatco inks wage agreement with employees’ union
The Meat Corporation of Namibia (Meatco) and Meatco employees represented by the Namibian Food and Allied Union (NAFAU) reached a settlement in the wage negotiations between management and NAFAU for the Bargaining Unit Employees.
Employees of Bargaining Unit Employees received a salary increase of 10.88% for 2017 and an inflationary increase for 2018, 2019 and 2020 which shall be the CPI figure for February of that year respectively, with a minimum of 5% and a maximum of 10%. Housing allowance was set at 7% of employees’ basic salary with a minimum of N$250.
The signed agreement confirmed that all parties involved are satisfied with the terms and conditions of the negotiation process.
“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.
Employees received their normal salaries on 25 September h, while the difference shall be paid in the form of a back pay on 6 Octobe backdated from 1 March.
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.