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FIRSTCARIBBEAN CONTINUES TO WORK WITH REGIONAL UNIONS - ANNUAL MEETING HELD

Bridgetown, Barbados June 14th, 2007 - THE SUCCESS ENJOYED by FirstCaribbean International Bank in 2006 can be linked directly to the help and support of the 11 trade unions, with which it has partnered around the region. So says Bank Chief Executive, Charles Pink, who challenged union representatives and members of the FirstCaribbean Human Resources team to work together “to focus on sustaining excellence.”

The challenge came at a recently held Partnership Meeting at which, 10 signatories of the 11 regional unions who signed the historic Partnership Principles agreement in 2005 were in attendance. The meetings are scheduled at least once a year to ensure that the high level ideas encompassed in the partnership agreement become working strategies that impact the Bank’s day to day operations.
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There was representation from The Bahamas, Barbados, Belize, Dominica, Grenada, Jamaica, St. Lucia, St. Maarten, St. Vincent and the Grenadines and the newest territory in the Bank’s footprint – Curaçao, with a mixture of trade unionists, shop stewards and HR personnel, who all heard FirstCaribbean promise to increase its investment in the training of its staff as a core strategy towards making it the Employer of Choice in the region. Indeed, the CEO was able to show that year on year since 2004 the Bank has more than doubled its training investment and the number of opportunities available for staff to gain promotion.

The unions called on the Bank to respond quickly to resolve issues that arise, so that the unions and workers feel its commitment to the partnership. Chief Administrative Officer, Peter Hall confirmed that support would be given “at the local level to make things work.” He also spoke to the fact that the Partnership Meeting was designed to create a forum in which all stakeholders are held accountable to make the relationship work. This commitment has been borne out in the recent successes in the collective bargaining process in a number of jurisdictions, measured by reduced negotiation periods, longer agreements and reduced incidences of industrial action or the need for third party arbitration.

Noted consultant Dr. Trevor Hamilton was brought on board to objectively facilitate the discussions and create a body of strategies that could be implemented to strengthen the Partnership and to make the principles become practical policies with easy application.

Mr. Pink underscored the fact that the management of FirstCaribbean remains “100% committed to the partnership” and to resolving all issues.

While the morning session of the Partnership meeting was marked by presentations and discussion, the afternoon period was the time for the participants to work together in 4 groups, each of which was given a specific assignment – to define certain areas that need to be improved, determine how this improvement should be measured, create a timeline for action and to recommend the processes to be established. Out of these presentations,  working committees will be established who will be required to report to the larger meeting on the progress. Each group was made up of persons from different jurisdictions and from different backgrounds and perspectives.

Peter Hall closed the session by issuing a call for those present to own the principles, “for a general effort to make the partnership work.”


  

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