Commercial Bank signs Collective Agreements with CBEU

The Commercial Bank of Ceylon PLC, Sri Lanka’s largest private bank, has entered into two Collective Agreements effective for three years,with the Ceylon Bank Employees Union (CBEU) covering the union’sNon-Executivestaff andJunior Executive Assistants. A Memorandum of Understanding was also signed covering the Junior Executive Officers of the Bank. These Agreements are revisions of the 2012 Agreements which lapsed on 31stDecember 2014, the Bank said. The new Agreements will be in force from 01st January 2015.

Upholding the right to collective bargaining, Commercial Bank has continued signing these agreements with the CBEU developing a productive partnership in the industry.

Pictured here at the signing of these agreements are (from left) Messrs. Samantha Ratnayake – Secretary of CBEU (Commercial Bank Branch Union), KushanWijayapala – President of CBEU (Commercial Bank Branch Union), AshokaDharmasiri – Secretary General of the CBEU, A.K. Bandara – President of the CBEU,JeganDurairatnam – Managing Director/Chief Executive Officer of Commercial Bank, S. Renganathan- Chief Operating Officer/Executive Director of the Bank,IsuruTillakawardana, the Bank’s Deputy General Manager Human Resource Management,Ravi Peiris – Director General of the Employers’ Federation of Ceylon and Kanishka Weerasinghe – Deputy Director General of the Employers’ Federation.