PNG Banks and Financial Institutions Workers Union

Better terms of employment for BSP staff

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.