News

After 3 months of negotiations and hard determination, union workers at Nepalese Prime Life Insurance Co. Ltd signed a 28 point agreement on 8 May with the company for better pay and union establishment.



The agreement was signed between Mr Resta Jha, CEO of Prime Life Insurance Co. Ltd, and Mr Hari Khadka, President of Prime Life Insurance Employees Union (PLIEU). The contract is the first collective bargaining agreement drawn by Prime Life Insurance Employees Union (PLIEU) and will raise employees’ salaries by 100% regardless of their skill levels.



Union representatives will also be entitled to paid leave in order to perform their roles as well as to attend union education programmes. The company has agreed to provide a space for the union office.



PLIEU is a member of the Financial Institute Employees Union of Nepal (FIEUN) who is affiliated to UNI Asia Pacific. The UNI Nepal Liaison Council and FIEUN are currently working to organise private finance sectors in Nepal.



PLIEU was established in 2011 and registered with the Department of Labour earlier this year.