Bank workers

  • Business Briefs

    Bank workers reject 349% salary hike offer

    THE Zimbabwe Banks and Allied Workers Union (Zibawu) says it has rejected a wage increase of about 350% tabled by employers during ongoing negotiations. According to Zibawu, the minimum wage in the sector is currently $5 800 per month. The proposed increase would see the least paid worker grossing $26 000, according to the union. “From where we stand, this…

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  • Business Briefs

    Zimbabwe bank workers get 349% salary hike

    By Bloomberg ZIMBABWEAN bank workers have been offered a once-off 349% annual-pay increase by employers, falling far short of labor union demands and setting the stage for a potential legal challenge. The proposal is in line with inflation figures released by the national statistics agency, the Banking Employers’ Association of Zimbabwe, which represents 17 lenders, said in a position paper…

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