Namibia’s biggest diamond miner, Namdeb has ended a long-standing wage stalemate with its employees, which will save it from incurring heavy financial losses.
Namdeb, a joint venture between De Beers and the Namibian government, said in a statement that the agreement was effective from April 01, 2012 and provided for a sliding scale increase in wages for employees in the bargaining unit, as well as increases in a number of allowances.
The increases in the 2012/2013 basic wages ranged between 8.5 percent and 10 percent depending on the grade of the employee, while the increase for the 2013/2014 wages was 7.5 percent across the board.
“The conclusion of the 2012 wage negotiations is a milestone that provides the foundation for revitalising the company/union relations,” Namdeb said.
“This is a foundation that both parties have committed to build for the benefit of Namdeb’s shareholders and all stakeholders.”
The new agreement would also cover the 2013/2014 period.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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