Union issues FNB strike threat
Union issues FNB strike threat

Union issues FNB strike threat

WINDHOEKDENVER ISAACS

The Namibia Bank and Allied Workers Union (NBWU) yesterday stepped up the pressure in its wage negotiations with FNB Namibia.
The parties go into a dispute resolution meeting today with the Office of the Labour Commissioner after they reached deadlock in negotiations.
The bank is offering an average 7% salary increase, while the union is demanding 10%, after initially wanting 12%.
NBWU secretary-general Lawrence Ihuhua yesterday threatened the bank with a possible strike by union members, to be preceded by a demonstration next Wednesday.
"It was clear during the last few days of salary negotiations that an agreement will be difficult, and when this was confirmed, the union's negotiation team decided to get input from members, asking them if they were prepared to accept the bank's offer. The bargaining council also stressed the need for the modest salaries in an institution such as the bank that employs highly qualified staff, and do not need to benchmark on economic performance, but should align remuneration with productivity," Ihuhua said.
He rejected the bank's argument that the union no longer enjoyed majority status, and thus could not act as a negotiator.
"We are going to continue engaging the bank, so as to accomplish an amicable solution to this deadlock. However, we warn the bank as an employer that our members reserve the right to withdraw their labour if they do not get a sizeable wage increase and an acceptable response to their demands," he said.
"First National Bank must act responsibly to ensure fair pay for our members and to ensure we do not act in such a way that will add to our country's current economic and inflationary pressures. The union may hold a strike ballot in the event that the matter is not resolved."

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Namibian Sun 2024-04-29

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Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal | Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool LaLiga: Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca | Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona | Real Sociedad 0 vs 1 Real Madrid SerieA: Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino | SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza | Frosinone 3 vs 0 Salernitana European Championships Qualifying: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United English Championship: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United Katima Mulilo: 14° | 31° Rundu: 14° | 31° Eenhana: 15° | 33° Oshakati: 17° | 33° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 29° Omaruru: 17° | 31° Windhoek: 14° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 24° Wind speed: 21km/h, Wind direction: W, Low tide: 12:27, High tide: 06:24, Low Tide: 01:00, High tide: 19:07 Swakopmund: 15° | 18° Wind speed: 13km/h, Wind direction: W, Low tide: 12:25, High tide: 06:22, Low Tide: 00:58, High tide: 19:05 Walvis Bay: 17° | 27° Wind speed: 22km/h, Wind direction: W, Low tide: 12:25, High tide: 06:21, Low Tide: 00:58, High tide: 19:04 Rehoboth: 18° | 29° Mariental: 21° | 32° Keetmanshoop: 23° | 33° Aranos: 20° | 31° Lüderitz: 18° | 28° Ariamsvlei: 22° | 34° Oranjemund: 17° | 26° Luanda: 25° | 30° Gaborone: 15° | 31° Lubumbashi: 11° | 25° Mbabane: 13° | 29° Maseru: 10° | 25° Antananarivo: 15° | 22° Lilongwe: 13° | 27° Maputo: 16° | 29° Windhoek: 14° | 28° Cape Town: 15° | 20° Durban: 19° | 32° Johannesburg: 16° | 25° Dar es Salaam: 24° | 31° Lusaka: 14° | 27° Harare: 11° | 26° Currency: GBP to NAD 23.4 | EUR to NAD 20.04 | CNY to NAD 2.58 | USD to NAD 18.71 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.67 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.01 | USD to AOA 834.06 | USD to BWP 13.71 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1355 | USD to ZAR 18.71 | USD to ZMW 26.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75370.99 Up +1.40% | Namibian Stock Exchange (NSX) Overall Index 1673.12 Up +1.85% | Casablanca Stock Exchange (CSE) MASI 13354.97 Up +0.06% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI 9142.54 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$ 2 336.40/OZ DOWN -0.0007 | Copper US$ 4.58/lb UP +0.70% | Zinc US$ 2 912.60/T UP 1.91% | Brent Crude Oil US$ 88.90/BBP DOWN -0.0007 | Platinum US$ 932.95/OZ UP +2.13% Sport results: Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal | Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool LaLiga: Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca | Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona | Real Sociedad 0 vs 1 Real Madrid SerieA: Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino | SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza | Frosinone 3 vs 0 Salernitana European Championships Qualifying: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United English Championship: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United Weather: Katima Mulilo: 14° | 31° Rundu: 14° | 31° Eenhana: 15° | 33° Oshakati: 17° | 33° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 14° | 29° Omaruru: 17° | 31° Windhoek: 14° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 24° Wind speed: 21km/h, Wind direction: W, Low tide: 12:27, High tide: 06:24, Low Tide: 01:00, High tide: 19:07 Swakopmund: 15° | 18° Wind speed: 13km/h, Wind direction: W, Low tide: 12:25, High tide: 06:22, Low Tide: 00:58, High tide: 19:05 Walvis Bay: 17° | 27° Wind speed: 22km/h, Wind direction: W, Low tide: 12:25, High tide: 06:21, Low Tide: 00:58, High tide: 19:04 Rehoboth: 18° | 29° Mariental: 21° | 32° Keetmanshoop: 23° | 33° Aranos: 20° | 31° Lüderitz: 18° | 28° Ariamsvlei: 22° | 34° Oranjemund: 17° | 26° Luanda: 25° | 30° Gaborone: 15° | 31° Lubumbashi: 11° | 25° Mbabane: 13° | 29° Maseru: 10° | 25° Antananarivo: 15° | 22° Lilongwe: 13° | 27° Maputo: 16° | 29° Windhoek: 14° | 28° Cape Town: 15° | 20° Durban: 19° | 32° Johannesburg: 16° | 25° Dar es Salaam: 24° | 31° Lusaka: 14° | 27° Harare: 11° | 26° Economic Indicators: Currency: GBP to NAD 23.4 | EUR to NAD 20.04 | CNY to NAD 2.58 | USD to NAD 18.71 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.67 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.01 | USD to AOA 834.06 | USD to BWP 13.71 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1355 | USD to ZAR 18.71 | USD to ZMW 26.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75370.99 Up +1.40% | Namibian Stock Exchange (NSX) Overall Index 1673.12 Up +1.85% | Casablanca Stock Exchange (CSE) MASI 13354.97 Up +0.06% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI 9142.54 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$ 2 336.40/OZ DOWN -0.0007 | Copper US$ 4.58/lb UP +0.70% | Zinc US$ 2 912.60/T UP 1.91% | Brent Crude Oil US$ 88.90/BBP DOWN -0.0007 | Platinum US$ 932.95/OZ UP +2.13%