Broll Namibia secures two-year wage agreement

  • 1 Month Ago - 2024-08-07 00:00:00
Broll Namibia, a subsidiary of the Ohlthaver & List (O&L) Group, has announced the successful conclusion of wage negotiations with the Workers Council, resulting in a two-year substantive agreement effective from 1 July to 30 June 2026. This agreement underscores Broll's commitment to achieving the goals set out in its Vision 2029, focusing on sustainable growth and a supportive work environment, the company said.
It said the primary objectives of the negotiations were to enhance financial stability, improve employee satisfaction and strengthen company values. "By structuring wage agreements that align with the goal of achieving earnings before interest and taxes (EBIT) targets by 2029, the company ensures its long-term financial health as a strategic priority," Broll said in a press release.
“This agreement is a testament to our dedication to being recognised as a top global employer, aiming for a Great Place to Work (GPTW) global Top 10 ranking. Ensuring fair and competitive wages is a critical component of this goal, reflecting our core values of being authentic, caring and passionate,” managing director Karen Keys said.
The new agreement promises improved financial well-being, enhanced job satisfaction and a stronger alignment with the O&L persona values, the company noted. This focus on employee welfare is crucial in fostering a motivated and engaged workforce, which is essential for long-term success.
"The Worker’s Council is a representative body for the bargaining unit, ensuring employee interests are addressed. The Workers Council provides the same rights and representation as a union in disputes," the press release read.
“The new wage agreement will further enhance employee morale and productivity. This positive work environment will enable us to continue delivering exceptional value to our clients and stakeholders,” representative Magdalena Tjangura said.
"The recent acquisition of 100% ownership of Broll by the O&L Group marks a significant milestone, providing new opportunities for growth and innovation within the property management sector. We are proud of this milestone and look forward to a prosperous future as a fully integrated part of the O&L Group, driving innovation and excellence in the property management sector," Keys added.