INDUSTRIAL DISPUTE LOOMS OVER CIBC FIRSTCARIBBEAN INTERNATIONAL BANK

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The Grenada Technical and Allied Workers’ hereby advises customers of CIBC First Caribbean International Bank and the general public that the Bank seems intent on creating conditions for a serious industrial struggle before it departs from Grenada.


Following the announcement of CIBC FCIB sale to Grenada Co-operative Bank, the Union wrote seeking to address matters of urgent concern to the workers. These matters include:

1.     The right of the workers to elect to be transferred to Co-operative Bank or elect to be terminated and receive severance payment.

2.     Retroactive overtime payment owed to the workers for being illegally scheduled to work beyond the normal workday.

3.     Salary increases and other matters related to the Collective Labour Agreement for the period 2019 to 2021.

CIBC FCIB has refused to attend a rescheduled conciliation meeting set by the Labour Commissioner for today Tuesday, November 2, 2021.

The Grenada Technical and Allied Workers’ Union held a very successful meeting with the workers of the Bank, and they have all given their commitment to engage in any necessary action(s) to protect and secure their rights and benefits.

The Union hereby reminds of the successful struggles of Bank of Nova Scotia and RBC/RBTT (ACB) workers against the Canadian Banks bent on treating our people with disrespect.

GTAWU shall not allow the Canadian Banks which have taken away our resources from the Country to run away without adequately compensating Grenadian workers.