Omai, union agree 6.5% wage hike
Stabroek News
May 24, 2003
Omai Gold Mines Limited and the Guyana Bauxite and General Workers Union have reached an agreement on a 6.5% wage increase for each of the next two years.
According to an Omai press statement, this is among the benefits brokered for workers following the expiration of the previous agreement in February of this year.
Benefits in the new Collective Labour Agreement include an entrepreneurial skills training scheme for redundant employees, both on site at Omai and at Linden, Georgetown and New Amsterdam, and a pension contribution increase from 4% to 5%. The pension scheme was also made compulsory and there will be an increase in the acting foreman and lead hand premiums as well as in the shift premium and a sick leave benefit incentive of one day per quarter per year.
The new agreement, which takes effect retroactively from March 1, covers a four-year period, with the exception of the wage issue which covers the first two years.
