Workers of SOL Guyana are getting big increases in their salaries following successful negotiations between the company and the General Workers Union.
The company has also increased its minimum wage.
Under the agreement, for the year 2022, employees of SOL Guyana will receive a 24% increase in their salaries retroactive to January 2022. For 2023, the employees will get a 5% pay hike.
Fresh negotiations will take place after 2023.
SOL Guyana Inc. has also set its minimum wage for 2022 to $130,000 per month, which is almost double the minimum wage in the public service and triple times the minimum wage in the private sector.
From January of 2023, the minimum wage at Sol Guyana will be further increased to $136,000 per month.
The company has also agreed to increases in the meal allowances for workers .
The General Workers Union and the company are both pleased with the negotiations and the agreements.