Source: MINISTRY OF INFORMATION
Workers at the Fiji Ports Corporation Limited (FPCL) and its subsidiary, Ports Terminal Limited (PTL), are to receive a substantial share of yet another big boost in the Group’s profits.
About 170 permanent staff are being awarded pay rises of two per cent backdated 18 months to January 1, 2012.
Attorney-General and Minister for Public Enterprises, Aiyaz Sayed-Khaiyum, said he was delighted to announce the increases to a dedicated workforce that had not had a pay rise for four years.
The Group recorded a net profit after tax of $7.31m for the 2012 financial year – a 30 per cent increase over 2011.
Ports Terminal Limited recorded a loss of $26,415 in 2010. But the Group says that with “vigilant Board oversight, effective organisational leadership and the hard work and commitment of the employees” this position was completed turned around, with PTL recording successive profits of $1.28m in 2011, and $1.96m in 2012.
Full details in Friday’s Fiji Sun newspaper.
An aerial view of the Port of Suva. Port workers will receive a two per cent pay rise backdated to January 1, 2012. Photo: PAULINI RATULAILAI