PRESS RELEASE – An Industrial impasse between the Management of Bank of Saint Lucia (BOSL) and the National Workers Union (NWU) has been successfully resolved.
Earlier Tuesday March 31, 2015 technical, clerical and other line staff employed with the Bank at Soufriere, Vieux Fort, Bridge Street, Waterfront, Gros Islet and other operational units engaged in a lightning industrial protest.
About two hundred and fifty (250) employees participated in the action.
The employees’ action was as a result of a misunderstanding during negotiations which would have changed a principal undertaking at the talks.
General Manager designate, Ms. Esther Brown met with the National Workers Union in a two hour session with the hope of resolving the issue.
Workers will now benefit from a 6% compounded wage increase spread over a three year period, 2% in Year 1 with an additional 2% in Years Two and Three respectively.
Workers will also be paid a back pay retroactive from the expiration of the last contract.
The parties will meet at a subsequent session to finalize the process for signing a new industrial agreement. All workers will return to the jobs on Wednesday April 1, 2015.