cegco

Central Electricity Generating Company and Electricity Workers Union sign collective labor agreement

: Saturday, August 23 - 2014 @ 15:23

Central Electricity Generating Company (CEGCO) signed on Thursday 21 August, 2014, a collective labor agreement (CLA) with the Electricity Workers Union in Jordan, settling the Union’s demands as shared in its letter, dated 3 June, 2014, to the Company. The CLA was signed by CEGCO’s CEO, Eng. Omar Al-Daour, and the Union’s President, Mr. Ali Al Hadeed.

By virtue of the CLA, CEGCO has agreed to grant all employees a JOD 25 raise over the basic salary as of 1 January, 2014; set the living cost allowance at JOD 95 for all employees as of the same date; and dedicate a total of 10 scholarships for the benefit of its employees’ children.

CEGCO will also ensure that a maximum of JOD 160,000 is available by 1 January of every year in its employee Housing Fund, whereby the amount also accounts for the year’s pending loan repayments. The Housing Fund Committee will be revising the Fund’s regulations and sharing its recommendations with the Board of Directors.

The provisions of the agreement are applicable to all CEGCO employees, including those with the highest salary grades.

Furthermore, CEGCO has consented to revisiting the feedback it has received with regards to its HR policy, and presenting it to the Board for review so that a speedy and suitable decision may be made on the proposed changes.

The two-year CLA will come into effect as of the date of its submission to the Ministry of Labor.

During this period, the Union commits to refraining from making any additional demands of CEGCO that may have financial impact.

As outlined in the CLA, this step corresponds with both parties’ vested interest in maintaining a positive work environment founded on mutual understanding and respect. Both CEGCO and the Union have expressed commitment to working together to ensure the Company’s continued development and serve the best interests of its employees.

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Saturday, August 23- 2014 @ 15:23 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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