Presently, the private sector has taken a decisive step in implementing a comprehensive financial reward programme. Turning to the issue of the national minimum wage, we have proactively addressed this matter and are well ahead in our discussions. It is regrettable that organised labour has not acknowledged or valued the organised private sector’s contributions in these conversations. In our case, we engage in negotiations for minimum wage every three years through collective bargaining agreements. Currently, organised labour, whether in the public or private sector, represents less than five percent of the entire population.

Source: Punch October 22, 2023 13:45 UTC