Republic Bank and BGWU sign revised Collective Agreement

St. George, Grenada, October 20, 2023: On October 20th 2023 Republic Bank (Grenada) Limited and the Bank and General Workers’ Union signed a revised Collective Agreement before the Labour Commissioner (Ag.), Mrs. Sparkle Grenade-Courtney, on behalf of the Bank’s Clerical, Non-Clerical and Part-Time employees.

Employees covered by the Collective Agreement which spans the four (4) year period January 1, 2020 to December 31st 2023 have received a 10.25% salary increase over the period as well as enhanced benefits which were negotiated in line with the market.

At the signing ceremony, the Republic Financial Holdings Limited’s Senior Manager Group Employee & Industrial Relations and lead negotiator for Republic Bank (Grenada) Limited, Mr. Condell Simmons and Mr. Joseph Mitchell, President General of the Union, expressed their gratitude to the Minister of Labour and the Labour Commissioner for their efforts and contributions which assisted parties to successfully settle these negotiations.

They also acknowledged the challenges which arose during the collective bargaining process and affirmed a commitment to maintaining a collaborative approach to the practice of industrial relations in the interest of the Bank’s employees and its various stakeholders.

Parties concluded by committing to continue to partner with each other during the next round of negotiations which are scheduled to commence in early 2024.