Tag: MUBE
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HSBC Malta to issue up to €30 million in compensation to employees
HSBC Malta is set to issue up to €30 million in compensation to its employees as its leave the islands and its operations are taken over by its new buyer, Credia Bank. Credia Bank has promised that it will keep all of the employees and promised to invest even further in the bank. Bank employees…
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Credia Bank says it will keep HSBC Malta employees: more protests about compensation sums
On Thursday evening, the Malta Union of Banking Employees held a meeting with its employees to explain the ongoing situation about the negotiations of the collective agreement and the handover to Credia Bank. The MUBE had successfully negotiated a compensation sum for employees but these details have not yet been released yet. Employees however will…
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MUBE expected to announce decision on HSBC Malta offer’s soon but deal is expected soon
The Malta Union of Banking Employees has informed its members that it is assessing HSBC Malta’s latest offer after suspending its strike last week. MUBE struck twice, with the last strike being opposed by some members who protested against the disproportionate claims by senior union leaders with regard to younger members. A final agreement is…
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HSBC Malta strike suspended: meeting with union members to be announced soon
The Malta Union of Banking Employees has just suspended its strike yet again, citing a satisfactory offer that it received from the bank. The offer involves a formula which compensates workers accordign to the number of years of service and will be present to the union’s members in a meeting that it will be announcing…
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MUBE says strike is still on while assessing bank’s offer
The Malta Union of Banking Employees has kept its directives at HSBC Malta but said that a workable framework for employees is being assessed, implying an offer has been made by the bank. The union also said that the rights of employees who are not its members will be protected but said not to communicate…
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MUBE orders resumption of strike at HSBC Malta: workers divided over union’s directives
The Malta Union of Banking Employees has issued directives to resume the strike at HSBC Malta from tomorrow due to lack of agreement on the compensation offered by the bank. The MUBE had previously suspended the strike after HSBC senior management entered into talks. However, not all union members will be adhering to the directives.…
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HSBC Malta’s operations back to normal after strike is suspended: MUBE hails progress in talks
The Malta Union of Banking Employees has hailed the progress made in talks with HSBC Malta over compensation talks as the bank prepares to be transferred to its buyer, Credia Bank. HSBC staff have suspended their strike and all systems are functioning back to normal. In a statement sent to its members, the MUBE is…
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HSBC Malta strike back on
The Malta Union of Banking Employees has reinstated its directive for HSBC Malta workers to resume their strike. The MUBE previously suspended the strike when negotiations began but the union is now saying that the proposal it received is “unworkable” and unacceptable. Workers are being told by the union not to log into their banking…
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Staff at HSBC Malta suspend strike: talks ongoing
Staff at HSBC Malta have suspended their strike today as talks take place between the bank’s management and trade unions, namely the Malta Union of Banking Employees and the General Workers’ Union. The MUBE however, has stated that the bank has yet to present meaningful proposals and the strike will resume if the bank doesn’t…
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BREAKING: HSBC Malta staff go on strike
Staff at HSBC Malta have gone on strike over compensation details for employees tied to the sale of the bank to Credia Bank. The strike directive has been issued by the Malta Union of Banking Employees who are demanding negotiations over the Benchmarking Exercise and compensation claims. According to the directive that has been instituted…
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Bank employees unite against OTP Bank’s takeover of HSBC Malta
The Malta Union of Bank Employees has issued a press release stating it has serious reservations over OTP Bank buying HSBC Malta. The press statement referred to the Finance Minister’s comments to uphold Malta’s reputation and also said that called upon the State “to intervene if necessary to protect the interests and reputation of the…
