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Bankers seek 40% salary hike (Zimbabwe)
ZIMBABWE’S banking sector workers are pushing for a 37,6% salary hike as salaries continue to be wiped out by rising inflation.
Currency volatility and inflation, which closed 2019 at 521%, remain an impediment to economic stability.
Banking employees now want to get a minimum of $5 800 from the current $4 214,25.
Government last June reintroduced the inflation-prone Zimbabwe dollar ending a 10-year dalliance with the multi-currency system.
Bank workers through their union, Zimbabwe Bank and Allied Workers Union (Zibawu) are set to meet with the employer’s umbrella body, Banking Employers Association of Zimbabwe (BEAZ).
Zibawu secretary-general Shepherd Ngandu confirmed the development saying workers in the banking sector were not spared from the tough environment obtaining in the country, adding the Banking National Employment Council consisting of Zibawu and BEAZ were set to convene a meeting to deliberate on salary hikes next week.
“Banking sector workers are finding the going tough as their incomes are hardly enough to meet day-to-day cost of leaving. Our current interim minimum salary is $4 214,25.
At banking industry level we will be meeting in the next week or two to conclude 2020 negotiations to raise our minimum to around $5 800. The agreement between parties was to conclude within this February, but maybe we may spill into the first week of March,” Ngandu said link
Al-Kaabi: Thursday's session will be public and will be the most democratic
On Thursday, First Deputy Speaker of Parliament Hassan Al-Kaabi confirmed that tomorrow’s session to vote on the ministerial cabinet will be public, during which freedom to vote on Allawi’s cabin will be free.
Al-Kaabi said in a statement that followed him / information, /, that "Allawi sent the government curriculum and CVs for the candidates in the ministerial cabinet before the session to give confidence to the new government," noting that "this happens for the first time in the history of Iraqi governments."
He added that "all members of the House of Representatives were briefed on the biographies of the candidates, explaining that the committee formed under his chairmanship discussed the government curriculum and expressed its observations and recommendations to the designated president, who on his part expressed his readiness to include and adhere to it within the ministerial curriculum of his government."
Al-Kaabi described the parliament session to be held Thursday, "as a democracy, 100 percent, indicating that the vote will be public to inform the Iraqi people of their representatives in choosing his cabinet, and the voting options will be completely free."
Al-Kaabi expressed his hope that "the designated president and his government in Yehil who obtained the confidence of parliament will pledge to restore the state’s identity and achieve the demands of the Iraqi people by holding early and fair elections." link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
Tishwash:
Bankers seek 40% salary hike (Zimbabwe)
ZIMBABWE’S banking sector workers are pushing for a 37,6% salary hike as salaries continue to be wiped out by rising inflation.
Currency volatility and inflation, which closed 2019 at 521%, remain an impediment to economic stability.
Banking employees now want to get a minimum of $5 800 from the current $4 214,25.
Government last June reintroduced the inflation-prone Zimbabwe dollar ending a 10-year dalliance with the multi-currency system.
Bank workers through their union, Zimbabwe Bank and Allied Workers Union (Zibawu) are set to meet with the employer’s umbrella body, Banking Employers Association of Zimbabwe (BEAZ).
Zibawu secretary-general Shepherd Ngandu confirmed the development saying workers in the banking sector were not spared from the tough environment obtaining in the country, adding the Banking National Employment Council consisting of Zibawu and BEAZ were set to convene a meeting to deliberate on salary hikes next week.
“Banking sector workers are finding the going tough as their incomes are hardly enough to meet day-to-day cost of leaving. Our current interim minimum salary is $4 214,25.
At banking industry level we will be meeting in the next week or two to conclude 2020 negotiations to raise our minimum to around $5 800. The agreement between parties was to conclude within this February, but maybe we may spill into the first week of March,” Ngandu said link
Al-Kaabi: Thursday's session will be public and will be the most democratic
On Thursday, First Deputy Speaker of Parliament Hassan Al-Kaabi confirmed that tomorrow’s session to vote on the ministerial cabinet will be public, during which freedom to vote on Allawi’s cabin will be free.
Al-Kaabi said in a statement that followed him / information, /, that "Allawi sent the government curriculum and CVs for the candidates in the ministerial cabinet before the session to give confidence to the new government," noting that "this happens for the first time in the history of Iraqi governments."
He added that "all members of the House of Representatives were briefed on the biographies of the candidates, explaining that the committee formed under his chairmanship discussed the government curriculum and expressed its observations and recommendations to the designated president, who on his part expressed his readiness to include and adhere to it within the ministerial curriculum of his government."
Al-Kaabi described the parliament session to be held Thursday, "as a democracy, 100 percent, indicating that the vote will be public to inform the Iraqi people of their representatives in choosing his cabinet, and the voting options will be completely free."
Al-Kaabi expressed his hope that "the designated president and his government in Yehil who obtained the confidence of parliament will pledge to restore the state’s identity and achieve the demands of the Iraqi people by holding early and fair elections." link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
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