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StanChart Workers’ Union Unhappy Despite Salary Increment
 
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31-Jan-2012  
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Unionized workers of Standard Chartered Bank have said that there are still outstanding issues to be settled despite the approval of a 13 and 20 per cent pay rise.

Following a protracted impasse between the workers and management over pay increment issues, the two eventually settled on the new figures with the guidance of the National Labour Commission.

According to the Union of Industry, Commerce and Finance (UNICOF) which is an umbrella union for the workers, the two parties agreed that other aspects of the collective bargaining agreement still need to be tackled.

The General Secretary of UNICOF Kofi Davor, explaining UNICOF’s position to Citi Business News said “As part of the agreement we are to continue negotiations on other aspects of the collective agreements we did not tackle in the course of discourse. Secondly, there are other issues that have arisen which the parties committed to meeting to discuss. ”

Meanwhile, workers of Standard Charted Bank have welcomed the Labour Commission’s directive for a pay increase of 13 and 20 percent from the bank effective February.

“What is however critical was the fact that management was lumping together merit increment and collective bargaining at the same time,” he explained.
 
 
 
Source: Citifmonline.com
 
 

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