With the recent signing of a Memorandum of Agreement, employees of Banks DIH will enjoy a salary increase of seven percent. The following year they will be eligible for four percent and two percent for the subsequent years.
Mr. Clifford B. Reis Chairman/Managing Director of Banks DIH Limited [right] presents a copy of the Agreement to Mr. Charles Ogle, Chief Labour Officer in the presence of a Ministry of Labour official.
Signing on behalf of the Company were Chairman/Managing Director Mr. Clifford B. Reis and the Human Resources Director Mr. Andrew Carto. Signing on behalf of Ministry was Mr. Ogle.
Signatories for the GWU included the General President Mr. Norris Witter, General Secretary Mr. Pancham Singh, and Senior Vice-President Mr. Quincy Bailey.
The Agreement will cover the period 1st October, 2017 to 30th September, 2020 in relation to salaries and other Conditions of Employment for the unionised employees of Banks DIH Limited.
It also included increases in Condition of Employment Allowances, Meals, Travel and Long Service Recognition Allowances.