Bank workers clinch wage deals

Friday, April 11, 2014

The Bank of Botswana is the regulator of all commercial banks in Botswana.

Bank employees at Standard Chartered, Barclays and Stanbic will receive salary adjustments of between four and 15 percent at the end of the month, following what their union describes as the “fastest negotiations on record”.

Traditionally, the Botswana Bank Employees Union (BOBEU) grinds out long drawn-out wage talks with the six unionised banks, usually resulting in adjustments being made later in the year and backdated.

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