01 November 2004
HOW AMFINANCE
EXPLOITS YOU!
MANIPULATIVE, MISREPRESENTING & INSINCERE
Hoodwink their employees that they are a responsible employer with a progressive human resources management - What a joke!
| While ALL other Banks & Finance Companies operating in Sarawak have granted or agreed to grant 2 salary increases to 12% and 9% to their employees since 2000, the management of AmFinances wilfully refused to grant a single sen to their employees. For the Collective Agreement effective 1/1/2003, SBEU members in other Banks and Finance companies will get an extra of RM6.5 Million a year in salary increses alone. On average, members will get a salary increase of about RM170 per month. Arrears on salary will average RM3500 per member. Total payout is more than RM8 million. However AMFINANCE employees get nothing. This is despite the legitimate efforts by SBEU the past 5 years to negotiate a Collective Agreement for the employees. The management continued to hoodwink, misrepresent and resort to all sort of unethical tactics to frustrate the efforts of SBEU. Meanwhile EON Finance, BCF, RHB Delta Finance, Southern Finance have already implemented similar terms and conditions in due course. Affin-ACF have agreed to adopt the same CA. AMFINANCE REFUSED. |
For the three years from, 1/1/2000 to 31/12/2002, employees in all other banks and finance companies got a 12% salary increase. Again AMFINANCE gets nothing.
End result is that based on real data and facts, employees get up to 66% less than their counterparts in AmBank- which is part of the same AmBank group. Example, an employee who joined AMFINANCE as a clerk in 1995 earns a gross figure of RM1357 now. However if the employee were to join any other bank that is governed by SCBA/SBEU Collective Agreement, he will be paid RM2037.45 -a whopping $680.45 or 50% more. That translate into RM95,263.00 yes more than RM100,000; when we factored in EPF contribution. Enough to buy a single Storey terrace house!
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DIFFERENCE IN SALARY BETWEEN AMFINANCE AND OTHER FINANCE COMPANY FOR EMPLOYEES WITH THE SAME YEARS OF SERVICE. |
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PERFORMANCE BONUS? |
ANNUAL INCREMENT OTHER IMPROVEMENTS & BENEFITS That AmFinance Employees are much worse off.
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INTIMIDATION We urge all employees in AMFINANCE to stand up for their rights. Don't let yourself continued to be exploited and be discriminated against!! Want to know how AMFINANCE intimidates staff? How they cut overtime? Cut benefits? If this is how they treat their own employees, one can imagine how the Finance Company treat its customers. |
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