26 July 2004
2003-2005COLLECTIVE AGREEMENT
MEMBERS SAY YES!
OFFICIAL SIGNING - 27 JULY 2004
Implementation in August/September
Arrears to be paid by October
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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
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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We once again urge all members to increase their efficiency and productivity and to ensure the customer service remains at the highest level |
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