FIRSTCARIBBEAN INTERNATIONAL BANK (BAHAMAS) LIMITED AND BAHAMAS FINANCIAL SERVICES UNION SIGN COLLECTIVE AGREEMENT

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Nassau Bahamas – FirstCaribbean International Bank and the Bahamas Financial Services Union today signed a five year Industrial Agreement. The signing follows months of intense negotiations.

“We are delighted to be signing this five year agreement with the Bahamas Financial Services Union today. In keeping with our commitment to be First for Employees the agreement provides a market competitive benefit package for our staff” said Sharon Brown, Managing Director FirstCaribbean International Bank (Bahamas) Limited

The Bahamas Financial Services Union President Mrs. Theresa Mortimer said, “We are pleased with the results of the contract negotiations. This is our second negotiated agreement with FirstCaribbean and the benefits together with the terms and conditions achieved for our members provides for fair and equitable arrangements. Our members are pleased with the results.”

The Bank’s Managing Director and Union President applauded the efforts of their respective negotiation teams in working to conclude the agreement before the upcoming holidays and thanked staff for their patience during the negotiation process.

Both the Bank and the Union reaffirmed their commitment to continued joint efforts and on-going dialogue in building and maintaining a harmonious working environment within the Bank and joint collaboration in ensuring that the needs of the customers are met. In keeping with the Partnership Principles agreed by the parties the Bank and the Union reiterated their commitment to making FirstCaribbean the best place to both work and do business. The Managing Director commented, “When there is a shared agenda in promoting the interest of employees, customers and shareholders long term success results”.