PRESS RELEASE – THE management of Demerara Mutual Life Assurance Society and officials of the National Workers Union (NWU) met on Tuesday for the official signing of a new industrial agreement.
The official ceremony took place at the Department of Labour.
Clerical and technical workers employed with the company will now benefit from a 9.5 % general wage increase spread out in the following manner:
• Year 1 – 5%,
• Year 2 — 2% and
• Year 3 – 2.5%.
Other provisions included are retroactive payments, overtime compensation, call out, call back and acting allowances and maternity and paternity leave.
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All arrangements are being made for the full implementation of the new contract.