As discussions continue between the various stakeholders at the ANZ Banking Group, it has been revealed they may approach Government for more time to ensure sections of the Essential National Industries Decree is implemented.
This is after ANZ Bank was named along with the Bank of Baroda, BSP, Westpac Bank, and the Fiji Revenue and Customs Authority as Designated Corporations listed in the finance sector.
Under the Decree which now applies to the companies listed as designated corporations, all existing collective agreements which were negotiated by the unions and the employer will only be valid for a period of 60 days while new or replacement collective agreements are negotiated.
ANZ Chief Executive, Norman Wilson said their employees are important and are trying to ensure all parties involved are satisfied.
The Decree also states that all existing collective agreements in the designated corporations shall be null and void and no longer binding between the parties.
Story by: Paradise Tudrau
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