4.5% salary increase for CIBC’s clerical and managerial staff


The Antigua & Barbuda Workers’ Union (ABWU) and CIBC FirstCaribbean International Bank have settled on a 4.5% salary increase for the bank’s clerical and managerial staff.

This follows several days of discussions and protest action taken by the bank’s employees.

The increase commences with a salary freeze in the first year of the Collective Bargaining Agreement, followed by a 2.25 % increase in the second year and a final 2.25% increase in the third year.

The Collective Bargaining Agreement covers the period 1 January 2021 – 31 December 2023.

General Secretary of the ABWU, David Massiah, says although the salary negotiations are complete, discussions will continue on several other items which are included in the current Collective Bargaining Agreement.


“Both sides have agreed to address these issues in the coming period. Among several other matters, we hope to look at the issue of remote working,” the General Secretary revealed.


Massiah praised the bank’s staff for their solidarity and patience throughout the negotiating process.

He added that the Antigua & Barbuda Workers’ Union remains firmly committed to providing the best representation for its membership.


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