The Organization of Mozambican Workers (OTM), a central union, today called for the intervention of the Minister of Labor, Margarida Talapa, to unblock compensation and salary arrears at Companhia do Búzi, a sugar company in the center of the country
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July 2, 2021July 2, 2021Economy
Standard Bank's suspension leaves clients without access to salaries
Standard Bank's suspension of all activities involving the conversion of foreign currency in Mozambique is leaving several clients with foreign currency accounts without access to their salaries
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Business sector unwilling to raise minimum wages
CTA - Confederation of Business Associations of Mozambique, the country's main employers' organization, announced Wednesday it was unwilling to raise minimum wages, comparing the state of companies to entities "in a coma" due to covid-19
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American bankers saw wages rise during the pandemic
Bank CEO salaries saw their pay rise on average during the pandemic. The salary of the CEO of Capital One Financial Corp. alone soared 161%