KUALA LUMPUR: The National Union of Bank Employees (NUBE) and the Malayan Commercial Banks Association (MCBA) has formally inked their collective agreement, ending a three-year wait for about 36,000 members.
With the signing, concluding what union members described as the most successful in the CA negotiations between both parties, workers from 24 banks will receive RM200mil in benefits, payable by January next year.
NUBE was represented by its president, Abdul Jalil Abdul Hamid, and general-secretary J. Solomon, while MCBA was led by its president, Hamidah Naziadin, and executive secretary S. Sivagnanam.
Industrial Relations Department director-general Yunnus Razzaly and Association of Banks Malaysia chairman Dr Rozali Mohd Ali signed as witnesses.
The ceremony was also attended by MTUC president Syed Shahir Syed Mohamad and Malaysian Employers Federation executive director Shamsuddin Bardan.