By Muhammad Elosta.
Tripoli, 6 November 2013:
Employees at Libya’s National Oil Corporation (NOC) have been awarded an average 67-percent salary increase by . . .[restrict]the government. The increase, announced in Cabinet Decree No 642, comes into effect as of 1 January 2014. It will also be given to staff at all NOC subsidiaries.
In a separate decision other government employees have been awarded a 20-percent salary increase as of 1 Janauary.
“This salary increase is much needed by the employees of Libya’s National Oil Corporation and its affliatied subsidiaries,” Omar Shakmak, Deputy of Ministry of Oil and Gas, told the Libya Herald. “The people who have persevered though the hardship of 2012 deserve to have an salary rise. It is the first one for NOC employees since 2007.”
Shakmak also stated that this new allowance will also permit the NOC to standardise salaries within itself and its subsidiaries. Many subsidiaries, he said, did not have a standard wage for their work force. This in turn prevented the NOC from linking wages to performance.
The corporation was also considering reassessing allowances, he said, that would possibly effect the income of all its employees.
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