Central Bank, GWU sign collective agreement covering better working conditions

The Central Bank of Malta and the General Workers’ Union (GWU) Professionals, Finance and Services Section, has signed a new Collective Agreement on 18th October covering the non-clerical grades for the period 2020 to 2023.

The agreement continues to build on achievements gained in the past, ensuring the continuing need for increased effectiveness and efficiency.

It also includes improvements in the employees’ working conditions and increases in salaries and benefits. A new shift roster has been also introduced for security personnel.

The Section Secretary of the union representing the Professionals, Finance and Services industries, Riccarda Darmanin, expressed her gratitude to all those who contributed during the discussions to finalise the negotiations.

She said: “the Union looks forward to continue to improve the industrial relationship with the Central Bank for the wellbeing of its members.”

On behalf of the Bank, the Governor said that industrial harmony is good for both the employee and the employer.

In this respect, “the Bank will continue to collaborate with the Union on ways to improve work practices for its employees.”