After a period of negotiation, the representatives of Maybank Philippines Inc. (MPI) and the MPI Employees Labor Union reached today a final agreement and signed a Collective Bargaining Agreement for a term of two fiscal years.
The agreement represents a package that is mutually beneficial to the employees and the Bank, towards collaboration and long term partnership.
At the CBA signing, MPI President & CEO Choong Wai Hong said:
“I am proud on the conclusion of the Collective Bargaining Agreement (CBA) with our Union. I am thankful of the good relations we developed after a prolonged period of negotiation between the Union and the MPI Panels. The negotiations were tougher than expected, but we made sure that we started on the same page. We mutually respected the process, both committed to working with fairness and circumspect that we are one team, one family, and responsible for our stakeholders. These agreements show once again that mutually satisfactory agreements can only be reached through dialogue and good faith.
For this year, Mr. Wai Hong emphasized that Maybank remains steadfast to the growth and development of the Bank customers, the economy, and the country. He concluded:
“We are mindful on realizing the sustainable growth of our businesses and adhering to the strict operational standards embedded in our organizational culture based on our TIGER values. We win as one”