Bosai, NAACIE sign 6.5% across-the-board salary increase agreement

first_imgFollowing negotiations, the management of bauxite company Bosai Minerals Group Guyana Incorporated (BMGGI) and the National Association of Agricultural, Commercial and Industrial Employees (NAACIE) have signed an agreement for a 6.5 per cent across-the-board increase for wages and salaries for employees of the privately owned company.According to information coming from BMGGI, the agreement, which was signed on Wednesday at the Social Protection Ministry, was arrived at following five months of intense discussions.General Manager Robert Shang signs the agreement in the presence of BMGGI and NACCIE representativesThe increase includes allowances for meals, vacation as well as retirement benefits. The Memorandum of Agreement was signed by members of both delegations and endorsed by Lydia Greene, Chief Labour Officer (Acting), Labour Ministry, in the presence of the Junior Social Protection and Labour Minister Keith Scott and Consultant Francis Carryl.BMGGI and NAACIE had commenced discussions on a new wages and salaries agreement along with other benefits on May 17. BMGGI management in a statement said it hoped to see improved productivity and a better working relationship between the parties. Signing on behalf of BMGGI were General Manager Robert Shang, Accounting Superintendent Andy Hao, Senior Personnel Officer Truedel Marks and Assistant Shamekia Barrow. Signing on behalf of NAACIE were General Secretary Kenneth Joseph, President Linnell Warden, Vice President Neptrid Hercules, Secretary Aggrey Darlington and Committee Members Cedric Dover and Mark Louis.In August, BMGGI employees had staged a protest over what they described as the slothfulness of negotiations, indicating that they were seeking an across-the-board increase of at least nine per cent.last_img read more

Remittances account for 10 percent of Guatemalas GDP

first_imgJUTIAPA, Guatemala – The small village of Horcones sits at the end of a pothole-filled road in Jutiapa, in southeastern Guatemala. Here, about 40 percent of the population is dedicated to raising livestock, earning an income that isn’t reflected in the wealth of the whitewashed, Grecian-columned houses that are found in this farming community.The majority of people here seem to know someone who works abroad and sends money home, a situation that is replicated around the region and accounts for affluent properties springing up in less-than-affluent areas.Remittances, or money sent by expatriate workers to their home countries, have been steadily increasing in Guatemala – despite stepped-up deportations from the United States – and now account for about 10 percent of the country’s gross domestic product, according to 2012 data from the World Bank.In 2013, Guatemala received more than $5.1 billion in remittances – the second highest amount in Latin America after Mexico – and Guatemala’s Central Bank predicts the figure will grow by around five percent this year.Griselda Toj lives in Sacatepéquez, 40 kilometers from Guatemala City, and each month she receives on average $330 from her husband, who works on a dairy farm in the U.S. state of Idaho.“The money he sends back helps us a lot to buy food for the children, send them to school and buy them medicine if they get sick,” Toj said. “If he weren’t there, we wouldn’t be able to cope, because over there he has a lot of work.”Poverty, violence and family reunification are among the main driving forces behind Guatemalans deciding to make the journey north.“Our life is difficult here. My husband left three years ago because my son became ill with asthma and bronchitis,” she said. “The medicine is expensive and he had to use a special apparatus. We could hardly afford to pay for it.”In October, more than $500 million was sent back by Guatemalans working abroad, predominantly in the U.S., which represents an 8 percent increase compared with the same month last year.Like many people who receive remittances, Toj is saving to build a house – an example of the effect that Guatemala’s Construction Chamber says money sent from abroad is having on reducing the country’s housing deficit.However, experts highlight that while remittances enable some people to save, invest in education and contribute to the local economy, it is an unstable source of income that is often squandered due to a lack of financial information for recipients on how to manage the money.“Yes, remittances can reduce poverty,” said Beatriz de Azurdia, from the National Council of Migrant Services. “But we need to take into consideration the risks migrants face and the abandonment kids feel, which can cause families to disintegrate and children to lack guidance. Also, the senders have little say over how the money is invested.”To combat this, a Guatemalan company recently introduced an electronic remittances gift card, which allows migrants to specify where the money they send back is spent.In July, the Guatemalan government launched a campaign outlining the risks of exploitation and death that undocumented migrants face on their journey north. However, the lack of employment opportunities in Guatemala and many people’s desire to emulate the improved lifestyle of their neighbors who do receive remittances is keeping the “American Dream” alive.See also: Inter-American Dialogue honors Guatemalan businessman, civic activist Salvador Paiz Facebook Comments Related posts:Central American foreign ministers meet in Washington to lobby Obama on immigration crisis Did we forget the lesson the ‘Greatest Generation’ fought so hard to learn? For Central America’s migrant women, life can change in a second Guatemala has no idea how many of its undocumented citizens live in the United Stateslast_img read more