HSBC Malta workers split on strike: PN states priority is the job of employees and calls on Credia Bank to up its offer to minority shareholders

Most of the employees at HSBC Malta were present at their work places with many following current strike directives not to log into the banking systems. Most of the branches were not in operation.

Many other employees continued working and ignored the strike directives, as splits have emerged within the union. Senior trade union representatives are demanding disproportionately large compensation packages compared to what younger colleagues have been offered.

The Nationalist Party issued a statement declaring that the priority in the industrial dispute is the right of work to all employees. The demands by the union are still not publicly clear as the bank is posed to be acquired by Credia Bank.

Meanwhile, the Nationalist Party has called on Credia Bank to increase its offer for the share owned by minority shareholders to the bank’s book value, equivalent at €1.71 per share. Credia Bank is acquired HSBC Malta at a considerable discount.

Maltese Herald

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