Banks DIH workers to get 25% wage hike following signing of Agreement with Union

Oct 05, 2024 News

Banks DIH workers will get a 25% wage hike following the signing of an Agreement on Friday with the General Workers Union.

Banks DIH workers to get 25% wage hike following signing of Agreement with Union

Photo (L-R): President of the General Workers’ Union Norris Witter, Chief Labour Officer, Dhaneshwar Deonarine; Banks DIH Limited’s Finance Director, Deonarain Seepaul and HR Chief Executive / General Counsel Banks DIH, Kavorn Kyte-Williams.

Kaieteur News – Banks DIH Limited on Friday announced that it has signed a Memorandum of Agreement with the General Workers; Union at the Ministry of Labour that would see among other things, a 25 per cent wage increase for staff.

The signing was chaired by Chief Labour Officer (CLO) Mr. Dhaneshwar Deonarine.

Attendees included General Workers’ Union: Norris Witter (President), Pancham Singh (General Secretary), Quincy Bailey (Branch Chairman), Lawrence Drakes (Branch Secretary), Colin Miller (Field Officer), Dennis Glasgow (Branch Committee Member), and Nunyam Haynes (Shop Steward). Banks DIH Limited was represented by Mr Deonarain Seepaul (Finance Director) and Mrs. Kavorn Kyte-Williams (HR Chief Executive/General Counsel).

According to a statement issued by the beverage company, Norris Witter (GWU’s President) emphasized the smooth and non-adversarial nature of the negotiations, which were completed in five days over 30 working hours. He praised the positive relationship between the union and the company, highlighting the mutual reliance and recognition of employee importance.

Deonarain Seepaul, Finance Director of Banks DIH Limited called the agreement a significant milestone and underscored the company’s commitment to job security, medical benefits, life insurance, and retirement benefits.

He stated that negotiations were concluded swiftly, resulting in a 25% wage increase and enhanced benefits over three years. He emphasized the importance of sustainability for shareholders, employees, suppliers, and customers. CLO Mr. Deonarine commended the negotiations as a model for other companies, praising the willingness of both parties to engage constructively.

(Banks DIH workers to get 25% wage hike following signing of Agreement with Union)

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Chief Labour Officer, Deonarain Seepaul, Dhaneshwar Deonarine; Banks DIH Limited’s Finance Director, Union Norris Witter

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