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2.4% - That is what the Banks have proposed to
increase the salary of bank employees. This is despite Maybank
paying $1.2 Billion dividend to share holders, Public Bank
announcing record profits and Sarawak recording a a GDP growth
of 7%, amongst the top 10 countries in the world.
In their counter proposal to SBEU, the only other improvements
are a 5 sen increase in mileage, and slight increase in housing
Loan. SCBA readily agreed to SBEU's proposal on Performance
Related Pay but with major modifications. They have also agreed
to the reduction of sick leave from 25 to 20 days |
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Another significant
development is that NUBE is unable to commence negotiations with
MCBA for employees in West Malaysia. SBEU has to take the lead,
and whatever we decide may affect bank employees throughout
Malaysia.
The 1st round of negotiations will be on 19 & 20 March 2002.
It looks like that tough negotiations lie ahead. |
