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Swakop Uranium employees up in arms over bonus
Swakop Uranium employees up in arms over bonus

Swakop Uranium employees up in arms over bonus

Ogone Tlhage
OGONE TLHAGE



WINDHOEK

Employes of Swakop Uranium are up in arms over the company’s decision to replace a bonus incentive they were entitled to with a safety and production initiative, which they say will only cover 30% of the mine’s workforce.

The Mineworkers Union of Namibia (MUN) criticised the decisions of Swakop Uranium CEO, Qui Bin. The measure, the union said, was grossly unfair.

“If we were consulted, we would have highlighted that any idea that only caters to less than 30% of the employees for the effort of which 1 005 of the employees have contributed will just add fuel to the already demoralising working environment,” the union said.

It also criticised Bin’s conduct, saying he showed no interest in addressing the plight of employees.

The union further questioned the payment of bonuses to Swakop Uranium management and its efforts to block members of the bargaining unit from negotiating for one, despite the company’s financial position.

Shifting blame

“To our surprise and dismay, we learnt that the Swakop Uranium management excluded the bargaining unit members and gave themselves a bonus, despite emphasising the company’s negative financial situation earlier,” the MUN said.

It also questioned why employees were being held to account for external factors that affected productivity at the mine, such as water shortages, power outages, delayed shipments of material mined and unrealistic budgeting.

“The employees abide by the code of conduct of Swakop Uranium for the staff. Similarly, it is our expectation that managers also abide by the code of conduct of Swakop Uranium for management and not shift blame to the workforce to account for matters out of the hands of the bargaining unit members,” the union said.

The MUN called on Swakop Uranium management to find a solution to concerns raised, saying: “It is imperative that all stakeholders ensure and assist to motivate the workforce and avoid labour unrest”.

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Namibian Sun 2024-03-28

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 220.46/OZ UP +1.36% | Copper US$ 3.99/lb UP +0.03% | Zinc US$ 2 455.50/T UP 0% | Brent Crude Oil US$ 87.58/BBP UP +1.38% | Platinum US$ 907.38/OZ UP +1.40% Sport results: Weather: Katima Mulilo: 19° | 37° Rundu: 17° | 33° Eenhana: 18° | 33° Oshakati: 20° | 31° Ruacana: 19° | 33° Tsumeb: 17° | 29° Otjiwarongo: 16° | 28° Omaruru: 18° | 31° Windhoek: 17° | 28° Gobabis: 17° | 28° Henties Bay: 16° | 19° Wind speed: 24km/h, Wind direction: S, Low tide: 10:54, High tide: 04:57, Low Tide: 22:58, High tide: 17:16 Swakopmund: 15° | 17° Wind speed: 29km/h, Wind direction: SW, Low tide: 10:52, High tide: 04:55, Low Tide: 22:56, High tide: 17:14 Walvis Bay: 16° | 22° Wind speed: 33km/h, Wind direction: SW, Low tide: 10:52, High tide: 04:54, Low Tide: 22:56, High tide: 17:13 Rehoboth: 18° | 29° Mariental: 22° | 32° Keetmanshoop: 21° | 34° Aranos: 21° | 31° Lüderitz: 15° | 29° Ariamsvlei: 23° | 34° Oranjemund: 15° | 21° Luanda: 27° | 30° Gaborone: 20° | 32° Lubumbashi: 17° | 24° Mbabane: 15° | 23° Maseru: 12° | 28° Antananarivo: 16° | 27° Lilongwe: 17° | 29° Maputo: 20° | 28° Windhoek: 17° | 28° Cape Town: 17° | 23° Durban: 21° | 25° Johannesburg: 18° | 28° Dar es Salaam: 26° | 32° Lusaka: 18° | 30° Harare: 15° | 31° Economic Indicators: Currency: GBP to NAD 23.85 | EUR to NAD 20.42 | CNY to NAD 2.62 | USD to NAD 18.93 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.74 | ZWL to NAD 0.04 | BRL to NAD 3.8 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.33 | USD to AOA 832.63 | USD to BWP 13.71 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1415.13 | USD to ZAR 18.94 | USD to ZMW 25.01 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74536 Up +0.85% | Namibian Stock Exchange (NSX) Overall Index 1528.69 Up +0.84% | Casablanca Stock Exchange (CSE) MASI 12986.94 Up +0.04% | Egyptian Exchange (EGX) 30 Index 27559.35 Down -2.36% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 220.46/OZ UP +1.36% | Copper US$ 3.99/lb UP +0.03% | Zinc US$ 2 455.50/T UP 0% | Brent Crude Oil US$ 87.58/BBP UP +1.38% | Platinum US$ 907.38/OZ UP +1.40%