A little over 70 workers employed with the financial institution at operational bases in Vieux Fort, Castries and Gable Woods Mall will benefit from the new industrial package.
Workers will receive a five percent general wage increase spread over two years and six months in the following manner: three percent in year one and two percent thereafter.
Back pay will be effective from January 2013 with the new salary structure to be implemented almost immediately. A regime of fringe benefits and other conditions that will improve the working environment is also part of the package.
The NWU and RBTT Bank Caribbean Limited have already signed a Memorandum of Understanding (MOU) thus making the agreement official.