VALCO staff rejected 22% salary increase – Management

The management of the Volta Aluminium Company (VALCO) has said its workers rejected a 22 percent increment in salaries, saying it was insufficient.

The company felt this increment should have been welcomed by the agitating workers.

In a statement, VALCO said, the union executives, made an initial demand of a 62 percent salary increment to the Management of VALCO, and subsequently reduced it to 55 percent.

In response, the Management of VALCO said it offered the workers the 22 percent increase “with the assurance of further increment in the future as VALCO continues its efforts in finding a strategic investor to retrofit the plant.”

Click here to read the full statement from VALCO