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UNION YES NEWSLETTER

March 1999
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NEWS FLASH

Year 2001
Year 2002

News Flash 2003

10 January 2003
07 March 2003
25 March 2003
01 May 2003
21 July 2003
15 September 2003
10 November 2003
20 November 2003
28 November 2003
18 December 2003
Year 2004
Year 2005
Year 2006
Year 2007

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

SOME IMPROVEMENTS

FINAL ROUNDS HELD ON 15 & 16 July 2003

5% PLUS 2% - After another 2 rounds of tough negotiations in June & July, SCBA has made a Final Offer of an additional Salary adjustment of 2% - as additional premium for adopting a PRRS system.

The PRRS system entails that the Annual Bonus be paid as follows:

  •  One Month Fixed Bonus.

  • All employees will receive an average of one month based on their performance appraisal. Employees may received higher or lower than one month, but the total pay out for all employees (excluding the one month fixed bonus) will average at least one month.

  • 1st Year of implementation - the average must be at least 1.25 months.

  • Employees not satisfied with their appraisal can invoke the grievance handling procedure. This means that SBEU will have a meaningful say in the way that members are appraised.

  • Individual Banks can only implement the PRRS if they have a proper and transparent appraisal system.

 

While SBEU is committed to a PRRS system because we are convinced it will benefit all SBEU members in the long run, we feel that the current offer by SCBA is inadequate.

We intend to make a final presentation to Association of Banks (ABM) to convince them to improve the offer. ABM is where all the CEOs of the Bank are represented. In SCBA only Head of Human Resources are represented.

We hope to make the presentation to ABM before end of August. Once we get a response from ABM, we will then meet all SBEU members to make a decision.

We do hope all CEOs are forward looking and will support ABM's, MCBA/SCBA's and SBEU's efforts to develop a remuneration pay system that is flexible, progressive and competitive to move the banking industry forward.

We are now entering a crucial phase - It is make or Break and we do hope that we can avoid industrial actions.


 

OUTSTANDING ISSUES :
ARTICLES SBEU POSITION SCBA POSITION

 - RATES OF PAY
 - BONUS
 - ANNUAL INCREMENT

 - Salary increase
 - Premium for PRRS
 - Bonus to include Swak Allowance

 

 - 5% salary increase

 - 7% with PRRS

 

 - LOANS & BANKING 

  FACILITY

 

 - Housing Loans of at least $160,000  -  agreed
 - Progressive repayment & to include Swak Allowance

 - Interest rates not more than 2%

 - Increased by

   $50,000 to $160,000

 

 - RETIREMENT AGE

 

 - 56 YRS
 - Employers' EPF contribution

    increased to 17%

 - 55 years
 - 16%

 - TRANSFER

 - Housing Allowance at least $550 a month  - Leave to Each Bank
 - SENIOR SPECIAL GRADE/ACTING ALLOWANCE  - To introduce new higher grade  - NOT AGREED
 

ARTICLES AGREED TO IN PRINCIPLE
Please note that nothing is finalised yet and the agreed articles will only be effective once whole CA is agreed upon and signed.

BENEFITS  
EFFECTIVE DATE, 1ST JANUARY 2003
SUBSISTENCE/SHIFT/MILEAGE/ LAUNDRY ALLOWANCE Increased in tandem with % salary increase.
SEXUAL HARASSMENT SCBA & SBEU to publish a Code jointly
FAMILY MEDICAL Limit increased by $100 TO $1100.
   

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