Press Release
Press Release
Banks DIH Limited
Date: September 1st, 2017
Banks DIH Limited and the General Workers' Union signed a new three-year agreement on Wednesday 30th August, 2017 in the presence of Mr. Charles Ogle, Chief Labour Officer in the Board Room of The Ministry of Labour on Brickdam.
The three-year Memorandum of 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.
The employees will enjoy an increase of 7% for the first year of the new Contract with increases of 4% and 2% for the subsequent years.
The Agreement also included increases in Condition of Employment Allowances, Meals, Travel and Long Service Recognition Allowances.
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.
