Investrust Bank Gives Employees 7% Salary Increment

Investrust Bank has awarded its employees a 7 percent salary increment across the board effective January 2018.

The increment follows successful and concluded negotiations between the bank and the Zambia Union of Financial Institutions and Allied Workers on increased salaries and improved conditions for workers for 2018/2019.

Speaking during the signing of the agreement, Investrust Bank Managing Director Mr. Shimangola Shakalima thanked the union for the support rendered to the Bank. He acknowledged and respected the process of signing the Collective Agreement as the bank valued its employees. He said in spite the challenges the bank is going through, he appreciated the leadership of the union on how issues were addressed. He thanked the Bargaining Unit for their resolve.

And ZUFIAW Vice President Mr. Kasapo Kabende has commended the bank for its dedication and commitment in improving the welfare of workers. He said “As a union, we are happy with the 7% awarded to our members bearing in mind the challenges the institution is going through. This is a clear demonstration of how much both parties value the partnership as guided by the Recognition Agreement. As a union, our relationship with Investrust has been very cordial, and I have no doubt we will continue on this path of working together as we better Conditions Of Service, Provide Security and Favorable Working Environments for our employees. I further wish to implore our local leadership here to continue encouraging our members to work extra hard. Managing Director, you will be happy to note that Hard Work is one of our Core Values as a union hence we will continue to engage our members to go an extra mile in executing their duties.

Deputy General Secretary Finance and Investment Mr. Mutelo Mabenga who was also present at the signing thanked the Bank’s management for their cordial relationship. He also commended the Bargaining unit for their team work and quick conclusion of the Collective Agreement within 5 sittings.

He extended an Open door policy to management as they were stakeholders. He further encouraged the unionised members to continue working hard to increase the revenue for the institution to secure and increase their rewards. He briefly talked and suggested loan provision for our members to through external partner institutions and other initiatives,as the bank was currently unable to offer loans to its employees. He stated that this was one of the way of making sure staff are assisted with funds as well as capacity for them to enhance themselves further.

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