Strikes continue nationwide by unionised workers of Republic Bank Grenada Ltd., while negotiators on the Bank’s behalf review the labour minister’s proposal of a 12.25% salary increase.
The Bank is expected to give its reply on Wednesday, 12 July 2023. The action, organised by the Bank and General Workers Union, was initiated on 29 June 2023 after the negotiators on both sides failed to come to an agreement on salary increases.
Negotiations for a New Collective Agreement commenced on 13 April 2022. The Union’s initial position on salary increases during early stages of mediation process was 15% over the 3-year period, while the Bank remained on salaries of 5% for 3 years or 7% for 4 years.