The Management of Bank of Saint Lucia and the Leadership and Shop Stewards from the National Workers Union (NWU) signed a new industrial agreement

on June 24, 2019 at the Department of Labour. 

The new industrial package which was driven by economic restraint will benefit about three hundred (300) workers based in Vieux Fort, Soufriere, Gros Islet and Castries. Group 1 will receive two (2) weeks Lump Sum Payment in Years One and Two and Group Two will receive $1800.00 in Years One and Two.  A two percent (2%) general wage increase across the board will cover Year Three of the new agreement.

The Accord will run for the first triennium period with the parties agreeing to meet in one month’s time to undertake industrial negotiations for the second triennium.

Both sides agreed to continue working together in the interest of the employees and the development of the bank.