Sharp Daily
No Result
View All Result
Wednesday, June 25, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya Airways inks pay hike deal with aviation workers union

Nobert Saidi by Nobert Saidi
December 13, 2023
in News
Reading Time: 2 mins read

Kenya Airways (KQ) has inked a collective bargaining agreement (CBA) with the Kenya Aviation Workers Union (KAWU), resulting in a 10% pay increase for unionizable airport workers in 2024 and a 12% raise in 2025.

Allan Kilavuka, the CEO of KQ Group, announced that the pay hike, effective this month, will continue until 2025. Kilavuka stated, “This agreement provides KAWU members with a 10% increase in the first year and a 12% increase in the second year (totaling 22% over two years) on their basic salary, along with other allowances, during the specified period. The CBA is slated to cover the next two years.”

As of December 2022, KAWU had a total of 3,000 unionizable employees, primarily on short-term contracts. KAWU Secretary General Moss Ndiema expressed satisfaction, saying, “It’s a favorable deal for my members. I’m impressed. We commend the leadership of Mr. Kilavuka and the head of human resources, Tom Shivo, for restoring industrial harmony at the airline.”

However, the pay agreement will contribute to an increase in the company’s expenses, as salaries constitute a significant portion of its operating costs. In the financial year ending December 2022, KQ’s employee costs declined to KES 12.62 billion from KES 12.71 billion the previous year. In the first half of 2023, staff costs rose by KES 341 million.

RELATEDPOSTS

Kenya Airways records profit after more than a decade of losses

March 26, 2025

Kenya Airways halts Mauritius flights as cyclone threat looms

February 28, 2025

This pay raise occurs amid a trend where several companies are either freezing salary increments or resorting to job cuts due to declining sales and margins. KQ reported its largest half-year loss in August, attributed to substantial forex losses and a mounting debt burden disrupting its turnaround plan.

Despite a 56% revenue growth to KES 75 billion and a 43% increase in passenger numbers to 2.3 million, escalating costs led the airline to incur a deeper loss, exceeding KES 21.7 billion in the six months ending June 2023. This loss represents a 120% surge from the KES 9.9 billion losses reported in the first half of 2022 and surpasses the KES 15 billion full-year loss for 2021.

Previous Post

Copia Global and Visa forge 5-year partnership to transform Kenyan e-commerce

Next Post

Deloitte Kenya dispute put on hold pending arbitration decision

Nobert Saidi

Nobert Saidi

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

How Kenya can compete with global employment markets

June 24, 2025

Why Athi River deserves your investment

June 24, 2025

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024