Freeport Corporation workers benefit from salary increase

Ninety-four Malta Freeport Corporation workers started to benefit from an increase in their salary as a new collective agreement was signed between the Corporation and the General Workers’ Union.

The agreement was signed in the presence of the Minister for the Economy, European Funds and Lands, Silvio Schembri.

Through this agreement, the Corporation will be investing €675,000 in salary increases over a period of five years.

This means an increase of 2.5% a year in your salaries. In real terms, the majority of the workforce will benefit from a €2,500 pay rise over five years.

Apart from the rise in pay, an allowance from the current €5.82 per week to €10 per week will also be included . To cover this allowance, Freeport Corporation will be forking out €84,000 over 5 years.

“When it comes to the economy, we speak a lot about the investments our country makes to incentivise industry, but one of the best investments, without doubt, is in our workers,” Minister Schembri said.

The CEO of the Malta Freeport Corporation, Mr David Magro, also addressed those present, and lauded the union for working to improve the conditions of employees across the board. He said that dialogue, and most of all a way forward, were always found between the union and the corporation.