Bank Windhoek approves 8% pay rise 0 Bank Windhoek employees will receive salary increases averaging 8% in the 2016/17 financial year.
The bank said its salary and benefits negotiations with the Namibia Financial Institutions Union (Nafinu) concluded on 6 September 2016 and the agreement was signed on Friday.
The increases count for all permanent non-managerial employees, who will from this year on also receive a N$750 per month rental allowance, and a transport allowance increase of 8%.
“The bank and its management are committed to the partnership with Nafinu and remain committed to promoting and servicing the interest of our employees and all other stakeholders,” Bank Windhoek MD Baronice Hans said in announcing the agreement.
“We are pleased that the negotiations have been concluded and that staff will benefit from these,” she said.
Nafinu secretary-general Asnath Zamuee thanked the Bank Windhoek team for what she said were constructive and meaningful negotiations, saying she was satisfied with the final outcome.
STAFF REPORTER