Staff at CIBC First Caribbean International Bank have decided to converge on the Antigua and Barbuda Workers’ Union (ABWU) to discuss the ongoing staff negotiations.
The staff are extremely challenged by the Bank’s offer of a 2.5 per ent increase over a three-year period commencing with a salary freeze in the first year of the contract, although the bank would have made a profit.
Staff are also dissatisfied with the manner in which the Bank has been addressing other key employment concerns, and as such, have demanded a meeting with their legal bargaining representatives this morning in an attempt to address these grave concerns.
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CIBC is trying to sell all of these branches in these islands and has already sold a few down in the south islands to indigenous banks. These employees should fight for fair compensation but I don’t think they will work for this bank for much longer as ECAB or ACB or an overseas bank such as Republic Bank will likely buy the FCIB branch in Antigua.
These banks always make millions in profit and still want to disrespect their staff with petty cash increases
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