By Mc Donald Chapalapata, contributo:
Alcoholic beverages producer Castel Malawi has responded to the recent 44 percent devaluation of the Kwacha by offering employees 15 percent cost-of-living adjustment.
The company has also offered its staff members a once-off shopping voucher worth K150,000 each.
In an internal memorandum dated November 21 2023, Castel Malawi Human Resources and Corporate Affairs Director Gloria Zimba says management has decided to offer the 15 percent increment across the board.
Zimba said Castel Malawi trusts that, with the interventions, employees will continue to remain resilient, committed and hardworking “in these turbulent times”.
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Castel Malawi Workers Union President Rueben Kapito commended the firm for its decision.
