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Trade unions share profits with Metropolitan PDF Print
Written by Staff Reporters   

Metropolitan has a profit sharing programme with four trade unions, which is based on good returns on their investments, said Rudolph Himarua, its National Sales Manager. The unions received their share of the profit, which amounted to a total of N$610 000, which was divided equally amongst them.

The unions are the Teachers Union of Namibia (TUN), the Namibia National Teachers Union (NANTU), the Namibia Public Workers Union (NAPWU) and the Public Services Union of Namibia (PSUN).
Himarua said, against the business scenario and achievements in a volatile marketplace with continuous economic and competition pressures, Metropolitan shares its dividends from the collective investments. He said most trade unions doing business with Metropolitan have been benefiting on a monthly commission.
Himarua said, “We trust that you would use and apply your money wisely and be assured of our usual commitment, support and cooperation to an improved service delivery at all times.”
He suggested that the unions and Metropolitan needed to schedule meetings to discuss future profit sharing statuses of each client separately.
NANTU received the largest dividends of N$500 000, PSUN got N$50000, NAPMU got N$50000 and TUN received N$10000.
Elsabe Horn, Metropolitan's Public Relations Practitioner, said the profit sharing scheme has been in operation since 2000 and has resulted in nearly N$2 million being handed over to trade unions basing on their investments.
She said the company is satisfied with the returns made and pleased to plough back profits to partner trade unions.

 
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DATE

Fri 21 Nov - Thu 27 Nov 2008
Volume 22 No.46