Home -> News -> New Collective Agreement 2006-2008


UNION YES NEWSLETTER

March 1999
  Home
  Editorial
  Organising

NEWS FLASH

Year 2001
Year 2002
Year 2003
Year 2004
Year 2005

News Flash 2006

01 January 2006

28 March 2006

15 April 2006
26 April 2006
31 July 2006
08 August 2006
28 August 2006
30 August 2006
01 September 2006
18 September 2006
29 September 2006
06 October 2006
14 October 2006
24 November 2006
Year 2007
Year 2008

SBEU PUBLICATION

High Crime, Low Wages
- Who Gains?
Sarawak Labor Ordinance
Merger of Banks & Financial Institution
Increase Retirement Age
Customer First ?
Adapt or Die
Industrial Court Awards


New Collective Agreement 2006-2008

 What Members Want

Our Current Collective Agreement (CA) expires on 31 December 2005.  SBEU is currently preparing our proposals for a new CA.  We have asked members to tell us what they want in the new CA.   Members have responded enthusiastically with numerous suggestions and request. 

We now compile these responses.  We urge members to look through and see whether there is anything else that they want to see included in the new CA.  Members can still give their views and suggestions to reach SBEU HQ by 20th December 2005.  We will carefully consider these requests and formulate rational and feasible proposals to the Banks and Finance Companies before 31 December 2005.

Please note that these are still proposals that have yet to be agreed to by the Banks and Finance Companies.  We expect to receive the counter proposals from the Banks by end of January 2006 and negotiations to begin by March 2006.

SBEU will continue to push for a performance pay system. As a 1st step, we may propose that annual bonus shall be based on a performance. Though highly controversial, SBEU believe that PRRS is the way forward will be beneficial to all members in the long term.  By having such a system in the CA, SBEU can prevent abuses that will occur if we allow banks to implement their own systems.

 

Annual Bonus shall be based on a performance related system that takes into account the individual employee performance, the bank performance, the nature of the job, the banking industry performance and other relevant factors.

 

The individual performance shall be appraised through an open appraisal system.  Such system shall amongst others, have the following features:

 

v       Clear and objective targets for the employee shall be set and agreed with the employee - such targets shall take into account the views of the employee and the union

v          Where an employee is not satisfied with his appraisal, he may invoke the Grievance Procedure under Article 4.

 

The bank shall provide full disclosure of all related statistics and accounts including management accounts when determining bank performance.

 Below is a summary of the various requests from members:

1.      SALARY

  • Increase by 30% across the board

  • Based on salary as at 31.12. 2002

  • annual increment at least 7 %

  • Cost of Living Allowance

 2.      BONUS

  • One Month Annual wage supplement

  • Additional Bonus to be based on performance

  • To include Sarawak Allowance

 3.      RETIREMENT BENEFITS

  • Banks to Contribute 18% of Wages (present 16%)

  • Age of Retirement increase from 55 to 60 years;

 4.      TRANSPORT ALLOWANCES

  • Car: 60cts to RM2, Motorbike; 50cts to RM1

  • Parking Allowance $60 per month

 5.      SUBSISTENCE ALLOWANCE*

  • From $55 to $90 per day

 6.      RELIEF/ACTING ALLOWANCES

  • $50 a day for acting a higher position

 7.      entertainment allowance

  • Reimbursement of Entertainment expenses incurred whilst on marketing duties

  • Handphone allowance

 8.      housing allowance

  • $100 per month for all employees who do not have staff housing loan

 9.       Meal Allowance

  • Increase from $10 to $20.

 10.  SPECTACLE

  • 1ST pair = $350

  • Changes of lenses = $250

 11.  LOANS/ADVANCES

  • Housing Loans of at least $250,000.00

  • Vehicle Loan – 36 months gross salary.

  • Computer Loan – Interest free $5000

  • Interest rate at no more than 2%

 12.  UNIFORMS

  • Uniform allowance $500 annually.

  • 2 pair of leather shoes

  • Laundry allowance increase from $45 to $100

 13.  TRANSFER

  • Housing Allowance at least $550 a month

  • Relocation expenses of $5,000

  • Return Airfare twice a year for family

  • Settling in accommodation and subsistence allowance for entire family

 14.  FAMILY MEDICAL BENEFITS

  •  Full Medical Benefits to cover parents (above 56) and children under 21 yrs (previous 18 yrs)

  •  Limit increase to $3000 from $1100 per year

 15.  EMPLOYEE MEDICAL BENEFITS

  • Medical check-up for employees aged 35 and above every two years

  • To reimbursement for traditional medical treatment.

 16.  DENTAL BENEFITS*

  • Increase from $200 to $400 per year

 17.  MATERNITY BENEFITS

  • Pre-natal and post natal  care to be included

  • Delivery charges increase from $500 to $3000 per confinement up to 5 confinements.

  • Maternity leave to exclude rest days & Public Holidays

 18.  CHILD CARE ALLOWANCE

  • Increase from $600 to $1200 per year

  •  Include male employees

[back to top]

Copyright © 2001-2006 Sarawak Bank Employees' Union. All rights reserved.