Namibia Breweries Limited (NBL) and the Namibia Food and Allied Workers Union (Nafau) on Thursday signed a substantive wage agreement for the 2024 financial year.

In a media statement issued on Thursday, NBL’s Corporate Affairs Manager, Surihe Gaomas-Guchu, said as a part of the new agreement, an overall increase of 7.5 per cent will be effected on the basic salaries of NBL employees.

“The agreement is for all bargaining unit employees and applicable for the period 01 July 2023 to 30 June 2024 and 01 April 2023 to 30 June 2024 respectively. The company will continue with the current incentive scheme that will enable employees in the bargaining unit to earn an additional bonus equal to a monthly salary during the financial year,” Gaomas-Guchu said.

Signing the agreement, NAFAU’s Regional Coordinator, Simon Muukapo, expressed appreciation to the NBL negotiation team for adopting a transparent approach to finalising negotiations that ensured the workers in the bargaining unit receive their salaries on time.

“My gratitude goes out to all parties involved in the process, which has resulted in all bargaining unit employees of NBL receiving their increases with this month-end payroll. I therefore would like to wholeheartedly thank the negotiation team from the union and the business, for the mutually beneficial consensus reached for the interest of our employees and the company,” he said.

Source: The Namibian Press Agency