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.
All arrangements are being made for the full implementation of the new contract.