Amman-based Central Electricity Generating Company (CEGCO) has signed a collective labour agreement (CLA) with the Electricity Workers Union in Jordan, settling all their demands.

As per the deal, CEGCO has agreed to grant all employees a JD25 raise over the basic salary as of 1 January, 2014,  said the statement from CEGCO.  

Besides this, the power company has set the living cost allowance for all employees at JD95 and will be offering 10 scholarships for employees’ children.

The company will also ensure that a maximum of JD160,000 is available by January 1 of every year in its employee Housing Fund, whereby the amount also accounts for the year’s pending loan repayments, it added.

The agreement was signed by CEGCO’s chief executive Omar Al-Daour, and the union’s president Ali Al Hadeed.

The two-year CLA will come into effect as of the date of its submission to the Ministry of Labor. During this period, the union has agreed to refrain from making any additional demands from CEGCO that may have financial impact.-TradeArabia News Service