The Guyana Power and Light Inc. (GPL) and the Guyana Public Service Union (GPSU) reached an agreement on December 29, for the emoluments and benefits for employees represented by the GPSU for the year 2015.
According to a joint press statement, this deal follows negotiations that commenced on November 18, with proposals and counter proposals.
In the final agreement, junior and senior managers of the power company will receive the following emoluments and benefits:
For the year 2015, an increase of 6.56 per cent on the existing salary level as at December 31, 2014 at each position of employment, and a “one-off” payment of $5,000 per month or $60,000.00 per annum for the year 2015.
An increase of $40 per mile for travelling, from a previous value of $135 per mile in 2014 to $175 per mile in 2015 commencing January 1, 2015.
Overtime Meal Allowance
Commencing January 1, 2015, an increase of $100 from a previous $1,000 in 2014 to $1,100 in 2015.