Meeting Of Minds

The Commercial Bank of Ceylon and the Ceylon Bank Employees Union (CBEU) recently entered into a Collective Agreement pertaining to salaries and other perquisites offered to two categories of staff.
According to the new agreement effective retrospectively from April 1, 2003, Junior Executive Assistants would receive a 15 per cent salary increase for the first year of the agreement. They would also receive further salary increases of 7.5 per cent for each of the two following years.rn

rnStaff in the Banking Assistant/Allied Grades and Minor Staff categories would receive a 15 per cent salary increase during the first year and a further 5 per cent increase in each of the following two years.

Medical facilities and other allowances payable to these categories of staff have also been increased in keeping with market trends, the Bank said.rn

rnA significant aspect of the new agreement is that for the first time in the history of banking in Sri Lanka, the job of Banking Assistant (formerly Clerk) has b