The management of Bulk Storage and Transportation Company Limited (BOST) and unionised members of the company have signed a new performance-based conditions of service.
Managing Director, Kinsley Awuah Darko says the move is part of a personal commitment to move the company away from the traditional culture of entitlement, which has plagued most state enterprises, to the culture of performance.
He noted that as evidence of the new process, BOST has made very significant strides in its performance over the short period.
He noted that the company has recovered from a product loss of $50 million in 2013 to a product gain of $3.4 million in 2014.
“We have gone from basically breaking even to generating a profit in excess of $21m half year 2015. Now BOST is a high-performing organisation,” he added.
He emphasised that the progress made is a result of the commitment of the staff and management to the change process.
“I am sure when we started that discourse, the unions were very suspicious of our ability to work together to create a high-performing company; however, in spite of all the difficulties and all the challenges, I must commend the leadership of the union, the support of the management in driving this deal forward.”
Mr Bernard Owusu, Local Unionised Chairman of BOST, said the restructuring process has brought a significant amount of improvement into the working culture in the company.
“The signing of the conditions of service and the re-structuring process has brought improvement in salary, allowances, bonuses, profit sharing and overtime, which was hitherto difficult to neither pay nor conceive in times past,” he noted.
He said over the past nine months, the unionised staff have enjoyed performance quarterly bonuses totalling GH₵700,000.
Board Chairman of BOST, Lawyer Kakra Asamoah Say said with the implementation of the new work policy, the company has seen great improvement in its work culture.
“We are very proud to say that the people of Ghana can do it if we put our shoulders to the wheel,” he said.
Source: The Finder
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