On 1 October 1998, a new company-level agreement was signed for the National Bank of Greece. The two-year agreement, signed by management and the SYETE National Bank workers' union, provides substantial economic benefits for workers.
Download article in original language : GR9810199NEL.DOC
On 1 October 1998, a new company-level agreement was signed for the National Bank of Greece. The two-year agreement, signed by management and the SYETE National Bank workers' union, provides substantial economic benefits for workers.
Payment of bonuses for 1998 and 1999, increased benefits and responses to a series of statutory demands are included in a new two-year company-level agreement for the National Bank of Greece (ETE) which was signed on 1 October 1998 by management and the executive of the Union of Employees of the National Bank (SYETE). The deal serves as a supplement to the existing branch agreement signed by the Federation of Bank Unions (OTOE) in 1997 (GR9706117N). In particular, the new agreement provides for the following:
payment of bonuses for 1998 and 1999 in the form of convertible bonds;
a 15% increase in 18 benefits, payable in four instalments as follows - 4% on 1 July 1998, 4% on 1 December 1998, 3.5% on 1 May 1999 and 3.5% on 1 September 1999;
introduction of a new type of personal floating-rate loan of GRD 1,000,000, not requiring supporting documents, with interest equivalent to that of annual Greek government interest-bearing notes, payable in 30 instalments;
increase of the total amount the bank makes available from its special housing account to employees for housing loans, by GRD 1.5 billion in 1998 and 500 million in 1999;
increase of the amount (ceiling) paid by the bank to the "Syllogiko" mutual fund from GRD 340 million to GRD 380 million;
payment of a monthly allowance of GRD 20,000 to parents of children with special needs;
continued payment of the childcare allowance while employees' children serve in the military; and
ensured participation of all workers in seminars necessary for their career advancement.
SYETE has characterised the agreement as adequate, but states that the agreement to pay a bonus "came at a time when the National Bank and its employees are under attack from strange, malicious press reports (of supposed cutbacks in National Bank branches)".
The new deal succeeds an agreement for the National Bank signed in September 1997 (GR9710135N).
A Eurofound a kiadványra a következő hivatkozási formátumot javasolja.
Eurofound (1998), New company-level agreement at National Bank, article.
