Home -> News -> Collective Agreement 2006-2008  


UNION YES NEWSLETTER

March 1999
  Home
  Editorial
  Organising

NEWS FLASH

Year 2001
Year 2002
Year 2003
Year 2004
Year 2005
Year 2006

News Flash 2007

08 February 2007
29 June 2007
26 August 2007
20 September 2007
27 September 2007
10 October 2007
24 October 2007
13 November 2007
19 December 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

A FAR REACHING OFFER

13.33% to 16.1% Salary Increase                       Future Bonus based on Performance
             32.76% Increase for 2006                                        Annual increment  $71 to $140

SCBA made an offer during final negotiations on 18/9 to increase basic salary by 30% and to abolish the 2 months contractual bonus and future performance bonus to be at absolute discretion. This means that the actual salary increase is 11.43% after discounting the Bonus. 

SBEU press for certain improvements, safeguards and assurances of the performance bonus. 

SBEU successfully convince SCBA to give a higher effective salary increase by adding in the Bonus first before calculating the 30%. This means that the salary increase goes up by another 1.9% to 13.33%. After adding in Swak Allowance, gross salary increase range from 13.33% to 16.1%. Bonus paid for 2006 would remain so salary increase is 16.66% + 16.1% = 32.76% for that year. 

All CEOs of the banks, in their ABM meeting on 19 Sept decided that they are unable to give a guaranteed pool of performance bonus each year. However instead of absolute discretion they are now prepared to pay performance bonus where bank makes a profit based on banks’ and individual performance and if they pay other grades of employees they must pay SBEU members as well. 

ABM also agreed to an open appraisal systems and most importantly, employees can challenge their appraisal ratings and performance bonus payouts through SBEU.

   

Whilst the deal falls short as far as our demand of a guaranteed pool is concern, it meet some of our expectations in the 16.1% salary increase & Salary Structure, which  will also go up. 

The lack of a guaranteed pool is a big concern. However, the 2 months contractual bonus is already paid to us via the salary increase and would remain with us forever.  Any performance bonus is an additional bonus. Future salary increase will be based on a higher salary and Swak allowance will increase. O/T rates & loan entitlements will go up.  

We also feel that the linking of performance pay to bank’s performance and individual performance make it imperative for banks to pay performance bonus if the performance justify it.  SBEU retains the right to challenge any non-payment.  

Accordingly SBEU EXCO put the deal to members to vote whether or not to accept.  We recommend to members to vote for the deal as we think the benefits outweigh the cons. We are also conscious of the need to ensure that clerical remains relevant employees in the banks. 

Further given the current industrial relations climate in West Malaysia and the ineffectiveness of the trade union movement, the only other option is to take the matter to court.  Whether or not we can get a better deal would be outside our control. 

Salary Conversion And Annual Increment With OT Rates Table

 

+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*+*

 

We list below the agreed articles that have been signed off earlier.  For full details please refer to SBEU website. 

EFFECTIVE DATE 

Arrears for Salary & Overtime will be backdated to 1 Jan 2006. 

HOUSING LOAN 

Any loan amount as long as monthly repayment does not exceed 75% of gross take home salary. Repayment until retirement. This means that maximum amount of housing loan can reach more than $300K – current = $160K. 

ALLOWANCES 

Subsistence allowance - $45/$53 TO $48/$56 PER DAY
Mileage claims – INCREASE BY 10 SEN PER KM
Laundry allowance  ($50 TO $55)
Acting - $25per day if acting for officers
Weekend Banking Allowance - $35 per day plus O/T

   

HOURS OF WORK - 5 DAY WEEK 

Members earning above $2000 who work overtime will be paid full overtime rates instead of current allowance of $10 per hour worked.  Arrears will be backdated to 1 Jan 2006. 

DENTAL & SPECTACLES 

Spectacle and dental allowance of $368.00 combined so that members can have more flexible access to these benefits. 

FAMILY MEDICAL 

Limit increased to $1200 a year. Members can claim up to $300 to purchase Hospital & Surgical insurance for their spouse and children. 

TRANSFER

Banks must agree with SBEU on a Transfer package BEFORE they can effect transfers.  There must also be a permanent housing allowance as long as employee remained on transfer.
 

[back to top]

Copyright © 2001-2007 Sarawak Bank Employees' Union. All rights reserved.