Agribank Workers Demand Interbank Rated Salaries - Report

Agribank workers have reportedly started to demand that their employer peg their salaries against the interbank rate. They have complained that the cushioning allowance they are receiving is not addressing their needs, Newsday reports.

A communique published by NewsDay reads in part:

…We also want to acknowledge the effort which the employer is making by giving a hardship allowance. However, these efforts are not adequately addressing the plight of the employee which is mainly caused by the inflationary environment which the country is experiencing.

The prevailing economic hardship in the country is affecting the social welfare of Agribank workers. Transport, food accommodation, medical, clothing and (school) fees have increased by more than 900%.The government, in its mid term budget review, has increased most services by more than 500%

The least paid Agribank employee reportedly pockets $936. The workers have complained that they have resorted to borrowing transport, rentals, food, medical expenses and general upkeep funds because of the mismatch between earnings and obligations.

More: NewsDay