SME Bank and NUCW renew CA, boosting employee benefits


SME Bank acting group president/chief executive officer Datuk Dr Mohammad Hardee Ibrahim

KUALA LUMPUR: SME Bank Malaysia Bhd and the National Union of Commercial Workers (NUCW) recently signed a renewal of the collective agreement (CA) for the period of July 2022 to June 2025.

“Our people have been the backbone of our success in delivering our mandate to create value for the SME ecosystem beyond financial services. In line with our SMILE core values, we are dedicated to fostering an environment that prioritises the welfare and wellbeing of our employees.

“This renewal will include an improved salary package and a boost in monthly living allowances to support our employees manage the rising cost of living,” acting group president/CEO Datuk Dr. Mohammad Hardee Ibrahim said in a statement.

SME Bank said the renewal of the CA, approved by the Ministry of Finance Incorporated on Aug 26, 2024, will benefit 127 non-executive employees of SME Bank.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Foreign firms urged to help pool wisdom for Shanghai
Bank Negara international reserves up at US$117.6bil
ITMAX System secures 15-year smart parking contract in Segamat, Johor
US rate cut, geopolitical woes lift gold to record high
Singapore stocks flirt with 17-year highs, led by banks; Asia currencies slip
Malaysia’s inflation in August 2024 moderates to 1.9%
Pharmaniaga replaces PwC with Ernst & Young as external auditor
FBM KLCI slips at midday on profit-taking; Affin Bank rises on acquisition news
Forest City SFZ incentive packages will likely lure international capital
Capital A seeks approval for sale of aviation business to AirAsia X at EGM on Oct 14

Others Also Read