Employees at Agribank have been awarded a 100 % hardship allowance, following threats by the staff to sleep at the bank. The employees had brought their blankets to work to reinforce their threat.
According to web-based publication, Zim Morning Post, the hardship allowance will be disbursed this week which means that the workers will be getting double their salaries this month, in a bid to cushion them from rampant inflation. According to official figures, year-on-year inflation currently stands at 176 percent for the month of June.
Following a meeting attended by Agribank Chief Executive Sam Malaba and other top executives, an official from Zimbabwe Banks and Allied Workers Union(ZIBAWU), Tiri Marimo said,
It was resolved that all the non-managerial employees will get a 100 percent cushioning allowance meaning that they will get double the salary to curb the current economic hardships being faced by the employees.
An executive from the bank, however, insisted that the hardship allowance had not been prompted by the threat of industrial action arguing that the bank had already made the decision.
Well, we value our human resource and we had planned to award this cushion allowance to follow trends in the banking sector.
For instance, FBC and MBCA did the same and we strive for world-class standard and well-being of our staff. It was a coincidence that the staff threatened to stage an industrial action