Deadlock between union and bank
Wage and benefits negotiations between the Bank Workers Union of Namibia (BAWON) and Standard Bank Namibia for the 2017/18 financial year have reached a deadlock.
The two negotiating parties declared a deadlock after the bank refused to agree to a proposed 8% wage increase by the union.
BAWON’s national coordinator, Chiteta Kaleji, told a media conference that the union proposed an 8% basic salary increase across the board. However, Standard Bank Namibia would only settle for 7%.
According to the Namibia Statistics Agency (NSA), overall inflation averaged 6.2% in 2017.
The union further asked for transport and rental (housing) allowances to be increased to N$350 and N$1 200 respectively – increases of 51.5% and nearly 108%.
However, the bank proposed an increase from N$231 to N$245 for transport and an increase from N$577.50 to N$635 for the rental allowance. This represents increases of nearly 6.1% and 10% respectively.
Overall transport inflation averaged 5.1% in 2017, according to NSA stats. The average for public transport services last year was -0.4%. The average for overall inflation for housing, water and electricity was 9.2%, while rental inflation came in at about 9.6%.
Standard Bank Namibia also maintained the current contribution split of 70% of the medical aid while the remaining 30% will be paid by the employees on the basis that this benefit is well aligned to the market and competitiveness.
Kaleji said that as a result of the deadlock between the two negotiating bodies, a notice of dispute of interests was filed with the Office of the Labour Commissioner on 2 February 2018. – Own story and Nampa/Reuters
The two negotiating parties declared a deadlock after the bank refused to agree to a proposed 8% wage increase by the union.
BAWON’s national coordinator, Chiteta Kaleji, told a media conference that the union proposed an 8% basic salary increase across the board. However, Standard Bank Namibia would only settle for 7%.
According to the Namibia Statistics Agency (NSA), overall inflation averaged 6.2% in 2017.
The union further asked for transport and rental (housing) allowances to be increased to N$350 and N$1 200 respectively – increases of 51.5% and nearly 108%.
However, the bank proposed an increase from N$231 to N$245 for transport and an increase from N$577.50 to N$635 for the rental allowance. This represents increases of nearly 6.1% and 10% respectively.
Overall transport inflation averaged 5.1% in 2017, according to NSA stats. The average for public transport services last year was -0.4%. The average for overall inflation for housing, water and electricity was 9.2%, while rental inflation came in at about 9.6%.
Standard Bank Namibia also maintained the current contribution split of 70% of the medical aid while the remaining 30% will be paid by the employees on the basis that this benefit is well aligned to the market and competitiveness.
Kaleji said that as a result of the deadlock between the two negotiating bodies, a notice of dispute of interests was filed with the Office of the Labour Commissioner on 2 February 2018. – Own story and Nampa/Reuters
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