PR – The Unionized workers of Republic Bank Grenada Limited, represented by the Bank and General Workers Union (BGWU) ended strike action on Friday 21st July, 2023.
The strike action commenced on June 29th, 2023 relative to a Trade Dispute between the Bank and the Union for a New Collective Agreement.
On Friday 21st July, 2023 at about 6:30 p.m. both parties signed a Memorandum of Understanding (M.O.U) bringing to an end the Negotiation process and cessation of strike action on the same day. Workers returned to work today Monday 24th July, 2023.
Seventeen (17) articles were settled including thirteen (13) from bilateral Negotiations which the company had resisted honouring and the remainder which was referred to at mediation.
Workers will benefit for this Negotiated period as follows:
- Increases in Meal allowances
- Increases for Travelling
- Increases to on call allowance
- Improvement in acting allowance
- Compassionate leave
- Severance and terminal benefit quantum
- Paternity leave quantum
- Salary increases of 10.25% over a four (4) year period. These have been the highest increases in several years.
- Payment of dock salaries
BGWU thanks the public for their support patience and understanding during the period of struggle for just working terms and conditions for our membership.