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Salary increase for Central Bank security guards under new Collective Bargaining Agreement

By on July 1, 2015
Audrey Matura Shepherd

Audrey Matura Shepherd

Belize City, Belize. Wednesday, July 1, 2015. A new Collective Bargaining Agreement between the Christian Workers Union and the Central bank of Belize covering the Bank’s security officers was signed on Tuesday afternoon in Belize City.

At the signing, the president of the Christian Workers Union Audrey Matura Shepherd said that much credit needs to be given to the members themselves who were engaged in drafting of the Agreement.

Central Bank Governor Glenford Ysaguirre in his remarks voiced satisfaction with the businesslike and cordial fashion in which the negotiations proceeded leading up to yesterday’s signing.

He also expressed the hope that the pending CBA to cover the rest of the Central Bank’s, also represented by the Christian Workers Union as a separate Bargaining Unit, will follow a similar course once negotiations start in July.

CWU signs new CBA with Central Bank

CWU signs new CBA with Central Bank

While the new CBA signed yesterday does include a modest salary increase, the focus was more on additional benefits which will see CWU Members take home more of their basic salary.

The Collective Bargaining Agreement is for three years, effective January 1, 2015.

Central Bank Security Officers get a 3% increase for 2015 followed by a 2% increase for 2016.

Signing for the Bank were Governor Ysaguirre and its Director of  Human Resources, Carol Hyde.

Signatories for CWU were President Matura-Shepherd, Vice President Basil Brannon and Secretary General Floyd Neal.

Deputy Labour Commissioner Paulette Wagner witnessed the CBA signing, which was done in the presence of the Chief Union Representative for the security guards Winston Anthony and his Deputy Alexander Ferguson.

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