Government has approved the paying of an Interim Cushioning Allowance to Civil Servants for the month of January 2020, while negotiations for a salary adjustment remain ongoing, (watch Mthuli Ncube announce this in the video below).
With schools opening this week, labor unions representing government workers on Monday rejected an offer of a 97% pay rise and demanded that increases be linked to the official U.S. dollar exchange rate.
The workers say this is the only way to offset inflation and a devaluation of the Zimbabwean dollar which rendered their salaries worthless.
“An interbank-related salary is the only way to restore the value of wages and any other intervention will not work given the hyper-inflationary environment which negates any Zimbabwe dollar increase,” said Cecilia Alexander, the chairwoman of the Apex Council, the biggest representative of workers.
The allowances to be paid this week are as follows:
- Band F $400
- Band E $800
- Band D $780
- Band C $770
- Band B $760
- Band A $750
Teachers form the bulk of civil servants.
The Zimbabwean dollar was trading at 17 per U.S. dollar on the interbank market on Monday.
Finance and Economic Development Minister Professor Mthuli Ncube has insisted that an interbank indexed salary is not feasible for Government.SEND US FEEDBACK: firstname.lastname@example.org OR, better still, CLICK HERE TO JOIN ONE OF OUR WHATSAPP GROUPS for the latest news!