FIJI ELECTRICITY AUTHORITY STAFF TO SHARE $1.3-MILLION BONUS

Nearly 740 wage and salary earners at the Fiji Electricity Authority (FEA) are to receive bonuses after the Authority announced an after tax profit of $32.5 million for 2013.

The Bainimarama Government has approved payments to 737 ordinary workers totalling $936,000 as part of a total bonus payout of $1.36 million dollars shared between FEA management and staff.

The Attorney General,and Minister for Public Enterprises, Aiyaz Sayed-Khiayum, said the Government was determined to continue to reward the hard work FEA workers had put in to achieve what he described as yet another outstanding result.

“The FEA’s profit is down this year, partly because we cut peoples’ power bills, but not because of the efforts of the staff, who again deserve a share of the profits as well as our thanks for a job well done”, the AG said.

“Wherever possible, we share the profits with ordinary Fijian workers to give them a sense of collective ownership and an incentive to work harder. Their fortunes are directly linked with the fortunes of their work places and that is the best way for us to grow these businesses and the economy as a whole”, the AG added.

Last September, 729 FEA workers received performance-based bonuses of close to $890,0000 as their share of the Authority’s $75.3-million profit for 2012.

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