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Banking Sector Workers Push For Fresh Wage Negotiations

Banking Sector Workers Push For Fresh Wage Negotiations

Workers in the banking sector have resolved to renegotiate the just concluded Collective Bargaining Agreement (CBA) saying rising inflation has already eroded the wages.

Under the latest CBA signed on 5 April 2022, banking sector employers agreed to increase salaries by 60.7%.

The least paid worker in the banking sector will take home ZW$90 000 per month, up from ZW$26 112.

The highest-paid worker in grade DP V will now be taking home ZW$142 822, up from ZW$41 438.

However, Zimbabwe Banks and Allied Workers Union (ZIBAWU) secretary-general, Peter Mutasa, said the wages have to be renegotiated as rising inflation has wiped out their value. Said Mutasa:

We are deeply worried that the workers are the only losers now in the labour market. The continued bargaining based on RTGS isnÔÇÖt sustainable anymore.

Soon after signing a collective agreement, inflation and exchange rate losses wiped all the gains and workers are back, if not worse than they were.

For the banking sector, we have no choice, we have to drag employers back to the negotiations table again.

Our agreement is clear that either party can call for negotiations anytime.

We believe it was unfortunate that before workers earned the new salaries, inflation and exchange rate losses have made these salaries nugatory.

More: NewZimbabwe.com


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11 Comments

Jah­čç┐­čç╝Tsvarie-07 1┬ámonth ago

Salaries can never catch up with inflation and thats the truth alone, if those in government were getting paid in Rtgs$ we were going speak with one voice followed by a solution...


ery 1 month ago

@NMB detectives haaa wangu andiite zve bhinzi dzeku NMB ini

dating those ladies is a plain robbery you will surrender yoirself into

imagine munhu asingashandi anogara muHre,anocommuter everyday kuenda kubank risingamupe mari
wodanana nemunhu iyeye
unenge uine shavi rekuda kudyiwa mari

apa vese vakati tipe number dzako tozoita mamwe madeal ndangoti line rangu andirizive ndipei dzenyu ndabva ndanyebera

unodyiwa mari ukabhuroka iweee

1 anoswera mustreet no lunch
2 haana mari yezupco
3 anokuti andina mkomana
4 weekend haaendi kubasa
5 friday anoda kuenda newe kwaKillert


ery 1 month ago

hooo ndidzo mari dzamafunga kupanana idzo nhaiii
ko vaye vanovhurisa mabank accounts mumastreet vanowaneiwo vaye

boots inenge yakaita kupera nekufamba mustreet

iwo mazi yellow bone aye anorarama neiko
we oweiz see them in the street


NMB Detectives 1 month ago

ery usada kutinyepera wakakepula zvima black yellow bone zveku NMB

ery 1 month ago

fortunately had met the yellow bones ndikati dakuvhurirwa account yeNMB the ladies were nice to me i convinced them that i want 4 accounts to b opened i have 4 ID cards for my shop employees

a u able to do sothey agreed so what surprised me is that the ladies wanted to open account for each client instead of one getting hold of th 4 accounts

i lured them into my car coz kwaive kujunaya
ndikati zvenyu mukupihwa 100000rtgs vaseka vakati we are paid by commision
ndikati watanga kundinyebera vese they said why we lie to you sir

the 2 are banking and finance diploma holders

1 isa marketor
1 is a FI graduate

we chat aa they are vey nice ladies

tjen i said i i dnt have money right now i wanted to buy u lunch but we can go for refreshments

i bought soft can drinks

Thanos 1 month ago

Neniwo ndoda kuziva kuti ma yellow bone arikuwana mari muma street kana kuti vanobadharwa ne commission depending nekuti vavhurisa ma account akawanda sei

ecocash agent 1 month ago

usadaroo kkkkkkkkkkk

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1234 1 month ago

mangwana rate 1:500 mushandi zvakangooma hazvoo kushandira pasina


Zim 1 1 month ago

hanzi yaya 1:1 zvaenzana dongi nemombe


Teller 1 month ago

Ndange ndanzwa nefree pindula, zvandakupiwa 90000rtgs yese ndakutenga data revhiki


Nostro 1 month ago

so those tellers earn ma 26000 Rtgs



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