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Bloomberg Zimbabwean bank workers have been offered a once-off 349% annual-pay increase by employers, falling far short of labor union demands and setting the stage for a potential legal challenge. The proposal is in line with inflation figures released by the national statistics agency, the Banking Employers’ Association of Zimbabwe, which represents 17 lenders, said in a position paper seen by Bloomberg. It offered a minimum monthly salary of $26,112 Zimbabwean dollars ($318). “The award is the full and final settlement for the year,” the association said in the position paper. “Any other interventions during the year will be dealt with at an institutional level as has worked out very well in the past.”

Mashonaland eastRalph watungwaBanker association of zimbabweWorker unionBanking employer association of zimbabweSpread thisBanking employer associationBanker associationZimbabwe banksAllied worker unionமஷோனலண்ட் கிழக்குவங்கியாளர் சங்கம் ஆஃப் ஸிஂபாப்வேதொழிலாளி தொழிற்சங்கம்வங்கி முதலாளி சங்கம் ஆஃப் ஸிஂபாப்வேபரவுதல் இதுவங்கி முதலாளி சங்கம்