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Century-old China Banking Corp. has inked a new five-year collective bargaining agreement (CBA) covering over 3,900 employees.
The agreement, the lender’s 27th CBA in its 102-year-old history, was signed between China Bank and the China Banking Corp. Employees Association (CBCEA) last Dec. 7 after two and a half months of negotiations.
The latest package includes economic and non-economic provisions to protect covered employees’ health, safety, rights and livelihood.
“The smooth negotiation and mutually satisfactory agreements show China Bank’s harmonious employee-employer relationship and more importantly, how management values and takes care of our people,” China Bank president William Whang said in a statement.
