HSBC’S PROPOSALS – NOT ACCEPTED BY UNIONS
MUBE PROPOSES MEDIATION SO AS NOT TO PROLONG ANY FURTHER WITH THE INTENTION OF REACHING AN AMICABLE SETTLEMENT FOR THE SAKE OF ALL STAKEHOLDERS CONCERNED
The Malta Union of Bank Employees – MUBE has written to management proposing mediation as a way forward in order not to prolong any further.
In this regard, MUBE confirms that the ‘concrete’ proposals received by the Union are very short of solving the current impasse between Bank and Union. Furthermore, MUBE is also claiming that there is clear disagreement on a way forward as management has chosen to ‘retract’ negotiations to the diverse positions held by both bank and Union respectively prior to the August 2014 draft agreement which was rejected by HSBC.
Also, MUBE was very clear with management that the Union was not interested in re-opening negotiations wide open but rather concluding on the remaining differences. What is really worrying about the Bank’s recent proposals is that management is again suggesting to re-open negotiations wide open by re-proposing those very issues that MUBE had objected to since the start of negotiations in October 2013. Needless to say, the Bank’s proposal all the more complicates the current impasse and in MUBE’s opinion clearly shows why after all HSBC decided to unilaterally withdraw from a done deal way back in August 2014.
As regards to financials, MUBE acknowledges the slight effort that has been made as reflected in the Bank’s proposal. However, the proposed increases are rather misleading and very minimal and do not compensate against that originally ‘agreed’ in August 2014. Thus, as MUBE remains adamant in its position of not re-opening negotiations wide open, the Union has proposed to go for mediation since prolonging this further is effectively working to the detriment of all stakeholders concerned.
22 April 2014