Employees within the private sector are encouraged to join their respective union associations to address any employment issues with their respective employers.
General Secretary of the PNG Banks and Financial Institutions Workers Union, Vera Raga, made the comments today during the signing of a memorandum of understanding (MoU) and revised Industrial Agreement with Bank South Pacific.
The signing of the instruments will see BSP implement new better terms of employment for staff which are not contained in the employment act.
The benefits include improved maternity conditions, improved retrenchment conditions and job security.
Commending BSP for acknowledging the need for such benefits of their members, Raga has called on other private sector employees to take note and have their issues addressed through their unions.
BSP Group CEO, Robin Fleming, said while the company was in the business of making profit, its staff’s welfare was also vital and working with the union to address better terms of employment was only mutual.
Fleming also commended his human resource management team for working closely with the union in revising the terms and conditions, which were last signed a decade ago.
The union had previously signed a revised industrial agreement with ANZ Bank and hopes to sign a revised agreement with Westpac in the near future.
The union currently has over 2,000 members with a potential membership of 6,000.