HSBC and MUBE sign new collective agreement

A new three-year collective agreement has been signed between HSBC and the Malta Union of Bank Employees (MUBE), representing managerial and clerical employees.

The new agreement is competitive and takes into account the interest of all parties including customers, shareholders and employees, HSBC's chief executive Alan Richards said.

"We are committed to making HSBC in Malta the best place to work, and this new agreement is an important milestone in making this a reality." MUBE president William Portelli said: "MUBE has continued to confirm that focusing on long-term strategies will ensure that the union would always be in a position to be steadfast in defending and upholding its members' rights and interests.

"Taking an even more avant-garde approach to negotiations, keeping flexibility in mind, and focusing on securing employment rather than specific job security issues meant that the work required more detail and assertiveness in application to negotiations.

"We truly believe that this agreement is in the long-term interest of our members."