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 Bank Employees Union Awaits Statements To See How Banks Going

“When we will get the financials, definitely we will carry out our as­sessment and see what ahead can be done.”
29 Nov 2020 14:37
 Bank Employees Union Awaits Statements To See How Banks Going
Fiji Bank and Finance Sector Employees Union national secretary, Salesh Naidu, during the annual general meeting, at Friendly North Inn in Labasa on November 28, 2020..

Most financial statements of banks will be out by the end of this year.

Through these financial state­ments, the Fiji Bank and Finance Sector Employees Union (FBF­SEU), will have a better view of the impact and effects COVID-19 on the financial sector.

The union’s national secretary Salesh Naidu in an interview after their Annual General Meeting for Vanua Levu division at the Friend­ly North Inn in Labasa said over the years banks have made mil­lions of dollars in profit.

“This means banks shouldn’t use this pandemic as an excuse to reduce terms and conditions for their employees,” Mr Naidu said.

“When we will get the financials, definitely we will carry out our as­sessment and see what ahead can be done.”

He said it’s good for banks to make good profit.

Nine months

“During these nine months, we have seen that no one has been laid off in the finance sector,” he said.

“There are some who are taking cases of retirement and we have been following up with them.

“Also we have been having contin­uous meetings with banks where we discuss what best can be done for the employees.”

Some banks are suggesting op­tions on annual increment and bo­nus.

“My advice to the members is to stay put, do the right things and move on,” he said.

“The good news is that three com­panies internationally have devel­oped a vaccine and probably things will work out well for us soon.”

There are about 1500 union mem­bers.

Meanwhile, Mr Naidu said the members have been informed dur­ing the AGM that they have made a profit of $115,000 for the 2019 finan­cial year.

He is confident that in 2020 the fig­ures will be better.

The new President elected for Vanua Levu branch is Rajneel Ma­haraj who is also the President of Vodafone Festival of the Friendly North.

The Suva AGM will be held on De­cember 12, 2020.

Feedback: maraia.vula@fijisun.com.fj

 

 


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