Zimbabwe News

Zimbabwe mine workers get 108% wage hike

Zimbabwe’S mining industry workers have been awarded a 108,5% wage hike following collective bargaining negotiations, which will see the lowest paid employee in the sector earning $93 074 per month.

Before the adjustment, the least paid employee in the mining sector was earning $44 640 a month, while the highest was getting $103 536.

With the current adjustment, the highest paid employee will now be getting $215 872. For the United States dollar portion, the least paid worker is entitled to US$198, while the highest gets US$459. The new salary structure is for the period April 1 to December 31, 2022.

According to a circular sent to mines, the new salary structure was agreed upon in dual currency (US dollars and Zimbabwe dollars) by the Associated Mine Workers Union of Zimbabwe (Amwuz) and the Chamber of Mines of Zimbabwe on May 19, 2022.

The agreement carries an exemption clause and non-foreign currency generating companies may be allowed to pay the full US dollar amount in local currency equivalent using the official Reserve Bank of Zimbabwe auction rate.

The portion payable in US$ shall be converted to the local currency at the prevailing auction rate at the time of payment and deducted from the respective minimum wage to determine the balance to be paid in Zimbabwe
dollar.

Source: bulawayo24

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