Maybank Amco Agreement

In his address, Mr. Nora thanked all parties for their cooperation, support and professionalism in securing a mutually beneficial agreement, especially in times of external uncertainty in the economy. “I am grateful for the strong partnership between unions, employers and alliances at the industrial level. Mutual respect, common goals, great integrity and shared values will continue to anchor this partnership and strengthen cooperation. This collective agreement also reflects Maybank`s commitment to remain true to our founding principles of preserving the well-being of employees who have made a significant contribution to the growth of the organization,” said Nora. The agreements also introduce a new benefit in the form of a seven-day pilgrimage leave, which will allow eligible workers to fulfil and fulfill their religious obligations with additional flexibility. Pertamanya, belum terlambat untuk saya mengucapkan selamat menyambut kedatangan Ramadhan, bulan yang penuh berkat ini. Saya yakin bahawa kita semua berazam akan melaksanakan ibadah puasa tahun ini dengan penuh kesungguhan dan ketaatan kepada yang Maha Kuasa. Saudara saudari yang saya kasihi, dalam kita menghadapi juga kadar inflasi yang meningkat dan kuasa membeli yang semakin meruncing, kita seharusnya merencana perbelanjaan kita menjelang kedatangan Hari Raya Aidil Fitri. Langkah berjimat cermat untuk masa hadapan adalah pilihan yang terbaik. Activities AMCO sepanjang bulan Ramadhan ini akan dikurangkan bagi memberi memberi peluang untuk ahli dikalangan muslim menumpukan fokus kepada ibadatsus yang hanya terdapat dalam bulan ini. Walau bagaimanapun, kita juga digalakkan berbuka berbuka-sama untuk mengeratkan lagi perpaduan di antara kita. Semua ahli dianjurkan untuk berinteraktif di laman web AMCO (www.amco.org.com.my) agar tidak ketinggalan untuk menyertai pelbagai aktiviti yang bakal di sediakan.

Di bulan yang mulia ini, AMCO menasihati semua agar tidak menjadikan puasa ini sebagai penghalang untuk kita bekerja lebih tekun dan rajin agar kita dan Maybank semakin berjaya. The agreement, which covers the period from January 1, 2018 to December 31, 2020, provides that members of both unions will receive a 10% pay increase. This follows a recent signing of the AMCO and AME (CAs) collective agreements for the period from January 1, 2018 to December 31, 2020 with Maybank, the banking group said in a statement today. He had a joint CA signing ceremony with the unions who said it is unprecedented in the banking sector. Maybank also announced a review of its employees` housing credit to promote real estate ownership, due to rising house prices, particularly in major cities. Interest rates on housing loans for staff will fall from 3.5% to 2% for all employees on existing and new loans that come into effect in 2019. . Jahja Soenarta is currently focusing on the next stage of digital transformation for her organization and its more than 10,000 employees. The concept is outdated for a number of reasons, says the eminent economist of the Asian Development Bank. With the overall wage adjustment of 10% – subject to maximum salary in its respective salary ranges – the CA will result in a 30% increase in personal injury insurance coverage and a 25% increase in long-term life insurance coverage. In addition, all monetary certificates increase by 10%.

In these collective agreements, their members benefit from a 10% wage adjustment, an increase in current benefits and allowances and the introduction of new benefits.