ZUFIAW’s Post

Press Statement: Government Must Prioritize Payment of Terminal Benefits For Former Investrust Bank Employees

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STANDARD CHARTERED BANK ZAMBIA UNIONIZED WORKERS GET 25% We are thrilled to announce the official signing of the 2024-2026 Full Collective Bargaining Agreement between ZUFIAW and Standard Chartered Bank Zambia. This landmark agreement reflects our commitment to fostering a fair and equitable work environment for all our employees. At the signing ceremony, SCB CEO Mr. Sonny Zulu emphasized our dedication to driving fair and equitable pay, ensuring that our employees are recognized and rewarded for their hard work and dedication. Representing the union on behalf of the General Secretary, Mr. Victor Silungwe, Lusaka District Chairperson, shared some highlights of the Revised Conditions of Service, including: - 15% Salary Increase: Demonstrating our commitment to fair compensation. - Enhanced Out-of-Pocket Allowances: Providing additional support for daily expenses. - 10% Housing Allowance: A significant step to assist our employees with housing expenses. These revisions underscore our commitment to promoting a positive work environment where every employee feels valued, respected, and supported. Investing in our employees' well-being is crucial to our success and growth, especially in challenging economic times. We extend our gratitude to all parties involved in the negotiation process for their dedication, cooperation, and constructive engagement. Let's continue moving forward together, building a stronger and more prosperous future for Standard Chartered Bank Zambia and its employees. #ZUFIAW #WorkersFirst #StandardChartered #HereForGood

Natsave / ZUFIAW Signing Ceremony ate: 5th April 2024 Lusaka , In a recent gathering at the NATSAVE signing ceremony, the Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) President , Alfred Chifota, took the stage to address a range of topics pertinent to the financial institution and its workforce. Mr Chifota commenced his speech by expressing gratitude for the collective efforts that have led to the acknowledgment and solidification of the achievements of the bargaining unit team. The highlight of the event was undoubtedly the successful negotiation of a salary increment for employees, a feat that underscored the commitment of both management and union representatives to the welfare of workers. More on this link: https://lnkd.in/dpbgcTvG

BANK OF ZAMBIA NOTICE OF TAKING POSSESSION OF INVESTRUST BANK PLC UNFORTUNATE: ZUFIAW Friday, 5th March 2024 The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) General Secretary Mr. Kasapo Sundrea KABENDE has said that the notice by the Bank of Zambia to take possession of Investrust bank Plc was unfortunate, given that this is Government controlled Bank therefore, it could have been better for parties to reach a common understanding beforehand to avoid this development. More on this link: https://lnkd.in/deuBiU4t

ZANACO and ZUFIAW Forge Stronger Bonds for Shared Prosperity Yesterday, the Zambia National Commercial Bank (ZANACO) and the Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) showcased a renewed commitment to their enduring partnership by signing the Collective Agreement for 2024. With the Managing Director of ZANACO and the President of ZUFIAW in attendance, the event underscored their mutual objectives and collaborative spirit. During the ceremony, Kasapo Sundrea Kabende, the General Secretary and CEO of ZUFIAW, lauded ZANACO's achievement of a record profit of K1,879.4 million, highlighting the union's pivotal role in the financial sector's success. Kabende reaffirmed ZUFIAW's dedication to advocating for fair conditions for its members, aligning with ZANACO's leadership position. However, Kabende also addressed challenges faced by banking staff, such as staffing levels and work-life balance, urging ZANACO's management to address these issues promptly. He emphasized the importance of a supportive regulatory environment to foster growth and sustainability in the financial sector. In a display of unity, ZUFIAW successfully negotiated a 20.5% salary increment for its members, reflecting their commitment to social justice and workers' rights. Kabende extended an invitation to ZANACO's Managing Director to attend ZUFIAW's upcoming conference, emphasizing the opportunity for collaboration and dialogue. In closing, the partnership between ZANACO and ZUFIAW exemplifies the power of collaboration in driving mutual growth and prosperity. Together, they remain steadfast in their commitment to advancing the well-being of their members and contributing to Zambia's socio-economic development.

Absa Bank Zambia Announces 14.8% Salary Increment for Unionized Staff The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW), Bankers Union of Zambia (BUZ) and Absa Bank Zambia PLC have concluded the 2024 salary negotiations at the rate of 14.8% salary increment for all its unionized staff members of staff. The parties announced the increment during a signing ceremony and media briefing attended at Absa Bank Zambia's state of the art ultra modern Headquarters in Lusaka, on the 8th of February 2024. At the signing ceremony, the parties affirmed that the salary increment agreement, effective from 1st April 2024, reflected Absa Bank Zambia's ongoing commitment to investing in its workforce and maintaining its status as a top employer in the region. The negotiations, which began on 11th December 2023 and concluded on 1st February 2024, were marked by a spirit of cooperation and mutual respect between the bank and the unions. ZUFIAW President, Mr. Alfred Chifota, acknowledged the compromise, stating, "While the increment may not meet the initial expectations of our members, it is a significant step towards addressing the challenges posed by the current economic environment." He emphasized the importance of a balanced approach to negotiations, ensuring the needs of both employees and the institution are met. Echoing Mr. Chifota's sentiments, the President of the Bankers Union of Zambia, Mr. Melvis Saviye highlighted the positive impact of the salary increment on employee performance and productivity, particularly in light of the rising cost of living. "This agreement is a commendable example of the constructive bargaining process and the shared commitment of Absa Bank Zambia and the unions," he remarked. Absa Bank Zambia remains focused on its strategic objectives for 2024, with this agreement serving as a catalyst for achieving greater success and reinforcing its position as an employer of choice in Zambia.

🤝🇪🇺EU partners in the film & TV industry are stepping up to create safer workplaces with guidelines to combat bullying, violence & sexual harassment in the European audiovisual sector. #16Days ♀️