The agreement was signed by Mario Mallia, Chief Executive Officer of Bank of Valletta and Charles Galea, Secretary of the Professionals, Finance and Service Section within the GWU, in the presence of BOV Chairman Deo Scerri.

“This agreement builds upon the previous one, improving employees’ remuneration packages while acknowledging the commitment, loyalty and services of the bank’s dedicated workforce. More importantly, the agreement ameliorates current family-friendly measures that assist employees to reach a better work-life balance,” said Mr Mallia.

“The new collective agreement consolidates further the bank’s position as an employer of choice and our strong commitment to nurture and develop the right skills from within our current workforce, while at the same time attract the right people who would like to pursue a career within the financial services industry. The bank’s appreciation towards its employees will also be reflected through the introduction of a workplace pension scheme in the coming months,” the BOV CEO added.

“This agreement is the result of rigorous and professional discussions between the bank and the General Workers Union over the past months, with the union working closely with the bank’s management team to find innovative ways that provide flexible solutions for the bank and its employees,” said Mr Mallia.

“This new agreement is the outcome of two parties ready to listen to each other for their mutual benefit,” said Charles Galea of GWU.

“The union is proud to represent Bank of Valletta, one of Malta’s largest employers with a workforce exceeding 1,800. The agreement places special emphasis on the advancement of the bank’s employees while providing stability to the workforce over this three-year period. We are confident that this agreement will assist the bank’s strategy towards focused growth, while the improved conditions will result in better delivery of service to the bank’s esteemed clientele,” Mr Galea added.

The post BOV sings three-year collective agreement with GWU first appeared on The Malta Business Weekly.

“Through this agreement, we guarantee more stability for the employees of PBS. This fulfils the station’s aim to acknowledge its human resources by strengthening its employees’ motivation and commitment to accomplish the aims of its operations, while also ensuring better quality in its services. This also leads to more competitive and commercial sustainability for the station,” says Owen Bonnici, Minister for Justice, Culture and Local Government.

The agreement is valid from 2019 until 2023 and highlights how employees will benefit from better salaries through the introduction of eight new levels of competencies. Employees will benefit from an increase in increments and in the maximum salary grade, guaranteeing progression, according to the press statement.

Employee shift allowance has been increased by 40% and the allowance which recognises qualifications has been doubled. The five-year agreement features updated family-friendly company policies following current laws and also highlights PBS’ national mission and business plan.

The post PBS signs new collective agreement with GWI first appeared on The Malta Business Weekly.

The freeport operates non stop, and the engineering section, represented by the GWU, plays a crucial role in the operations of the facilities, as they are the personel maintaining and repairing all the equipment used at the freeport, the press statement explains.

“Efficiency is pivotal to the Freeport’s success since we operate in a highly competitive environment. I would like to thank everyone involved in securing this collective agreement,” says Alex Montebello, CEO of Malta Freeport Terminals.

Malta Freeport Terminals has recently revealed an investment of €31 in new equipment and infrastructural works. The new facilities are expected to be fully operational in March.

Last year, the freeport handled a record-breaking 3.31 million TEU (Twenty Foot Equivalent Unit) containers, and due to recent investments, the freeport expects to increase capacity to 4 million TEUs.

The post Freeport agrees with GWU to provide better conditions first appeared on The Malta Business Weekly.