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An overwhelming 96% of members
have endorsed the draft agreement negotiated by SCBA and SBEU
Accordingly the official signing
of the 8th Collective Agreement between SCBA and SBEU will be
held on 27 July 2004 in Kuching.
The Agreement is for the period 1
January 2003 to 31 December 2005. It will cover all 2500
clerical and non-clerical employees in all Commercial Banks and
Mayban Finance & Public Finance in Sarawak.
In additional EON Finance, BCF,
Bank Muamalat, RHB Delta Finance & Affin ACF, Southern Finance
is expected to implement similar terms and conditions in due
course. We are still negotiating with AmFinance to extend
the CA to their employees.
Amongst the improvements are:
Salary Revision
9% Salary increase.
The
increase will take effect from 1 January 2003 meaning
members will get more than 20 months arrears (including Bonus).
We note that the Consumer Price Index for the relevant period
is only 4.5%.
SBEU members will get an extra
of 6.5 Million Ringgit a year in salary increases alone.
On average, members will get a
salary increase of about $170 per month. Arrears on salary
will average $3500 per member. Total payout is more than 8
million ringgit.
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OTHER IMPROVEMENTS/INCREASE
Mileage allowance - 5ct per km
Subsistence allowance - $5
Shift allowances - $10
Family medical limit - by $100
to $1100
Insurance by $10,000 to
RM110,000
Miscarriage to be covered
Laundry Allowance - by $5.00 to
$50 pm
Dental, Spectacles claims
It was also agreed that the Bank
& the Union adopt a memorandum on a Code of Conduct for the
Prevention of Sexual Harassment at the workplace.
OVERTIME/MEAL ALLOWANCE
As part of the package for employees earning more than $1500 per month,
overtime shall be converted to meal allowance as follow:
Normal Days
Less than 2 hours $10
2 hours or more $20
3 hours or more $30
4 hours or more $40
Rest Days
Up to 4 hrs - $45
4 to 7 hrs - $75
More than 7 hrs - $90
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