There is good news for the non-management staff of PAFCO as the Board of Directors, have announced a salary increment of 12.5% as approved by the Attorney General and Minister for Public Enterprises Aiyaz Sayed-Khaiyum.
This increment will be back dated to the 1st of January this year.
The Fijian Government own 99.6% of issued capital with 0.4% being held by private shareholders.
PAFCO provides employment to more than 1000 people from Ovalau and the Lomaiviti Province and their annual gross salary exceeds more than $7.5 million.
In a statement, PAFCO says this announcement is a timely recognition of the contribution of the employees towards the improved financial performance of PAFCO.
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