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The SBEU (Sarawak Bank Employees’ Union) recently signed a new collective agreement for the year 2019. This agreement covers the terms and conditions of employment for unionized employees in the banking sector in Sarawak.
The agreement was signed on January 25, 2019, and applies to all banks operating in Sarawak. It will be in effect until December 31, 2019.
The new collective agreement provides for an increase in salaries and allowances for unionized employees. The minimum salary for employees covered by the agreement has been increased from RM900 to RM1,000 per month.
In addition, the agreement provides for an increase in housing allowances, medical and dental benefits, and other allowances. The housing allowance has been increased from RM300 to RM400 per month, while the medical and dental benefits have been increased from RM500 to RM600 per year.
The agreement also provides for a bonus payment of one month`s salary for unionized employees who have completed at least one year of service with their respective banks.
The SBEU is one of the largest unions in Sarawak and represents more than 4,000 unionized employees in the banking sector. The union has been negotiating collective agreements with employers in the banking sector for more than 40 years.
The signing of the new collective agreement is a significant achievement for the SBEU and its members. It is a testament to the effectiveness of collective bargaining in securing better wages and working conditions for workers in the banking sector.
Overall, the new SBEU collective agreement for 2019 is a positive development for unionized employees in the banking sector in Sarawak. It provides for significant improvements in wages and benefits, which will help to improve the standard of living for workers and their families.