Maldives Industrial Fisheries Company (MIFCO) employees have submitted a petition threatening to strike if salaries are not increased by 20 percent.
Haveeru reports that over 100 staff signed the petition giving a three-day notice before beginning the peaceful strike.
While MIFCO staff had refrained from complaining before in light of the company’s financial status, the petition claims that employees’ “patience has run out after seeing the unnecessary expenditure by the company.”
Alleging corrupt or incompetent practices, the petition claims that Managing Director Ali Faiz’s refusal to import spares for the cold storage unit at Koodoo and the company’s other assets had left them “beyond repair.”
The employees allege that Faiz’s overseas trips cost MIFCO over Rf6 million (US$466,900).
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If all entities increase their salaries, the dollar float of 20% currently managed would be rendered useless.
Then, MMA would pretty soon have to do another 20% increase.
So, while an increase in salary is really what everyone wants, may be this would make things worse overall.??