Brief: Navigator Reaches Labour Agreement With Union Organisation FETESE To Update Wages

Navigator SA

14/02/2024 11:37

Feb 14 (Reuters) - Navigator Company SA  NVGR.LS :
    * CONCLUDES A LABOUR AGREEMENT WITH THE UNION ORGANISATION
(FETESE) TO UPDATE WAGES
    * AGREEMENT TRANSLATES INTO AN AVERAGE ANNUAL INCREASE OF
AROUND
1,000 EUROS THIS YEAR
    * AVERAGE PAY RISE OF 6.1 PER CENT AND 76.11 EUROS, WHICH
CORRESPONDS TO AN AVERAGE ANNUAL INCREASE OF 1,002 EUROS IN 2024
    * MEASURES WILL ENTER IN EFFECT ON JANUARY 1, 2024
    * IN 2025, NAVIGATOR WILL CONTINUE TO INCREASE DISPOSABLE
INCOME,
NAMELY THROUGH WAGE INCREASE OF 2 PER CENT, WITH MINIMUM OF 25
EUROS
    * COMPANY IS ALSO TAKING STEP TOWARDS IN TERMS OF REDUCING
NORMAL
WORKING PERIOD, WHICH WILL BE 37.5 HOURS FROM 2026 ONWARDS

Source text: http://tinyurl.com/3d499er6
Further company coverage:  NVGR.LS 

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