HSBC signs agreement with GWU

HSBC Bank Malta plc and the Professionals, Finance and Services Section of the General Workers Union (GWU) have signed a new collective agreement for non-clerical staff represented by the union. The agreement follows months of intensive negotiations...

HSBC Bank Malta plc and the Professionals, Finance and Services Section of the General Workers Union (GWU) have signed a new collective agreement for non-clerical staff represented by the union. The agreement follows months of intensive negotiations between the Bank and the union.

HSBC Bank Malta CEO Alan Richards said the bank was pleased with the outcome of the lengthy negotiations as an improved and competitive package of employee benefits had been achieved which would benefit union members while also protecting the interest of the bank’s shareholders.

GWU Section Secretary Cory Greenland said the new collective agreement recognised the diligent contribution of the union members to the continued success of HSBC in Malta.

"We are pleased that, thanks to this new agreement, our members’ commitment now enjoys a better compensation package.”

The new agreement provides for increased salaries taking into account inflation, better working conditions, family-friendly measures and other benefits.

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