Bank of Valletta signed a collective agreement with the GWU last week for its employees in the non-clerical grades. The agreement reached between the bank and the union stipulates the terms and conditions of employment up to the end of 2007.

The agreement was signed by Tonio Depasquale, Chief Executive Officer, Igino Xuereb Chief Officer Operations, Paul Spiteri Executive Head HR as well as Noel Scerri Head HR and Charles Grech Soler Head HR Issues on behalf of BOV.

For the Media & Services section of the GWU, the agreement was signed by Karmenu Vella, Section Secretary,

Ray Pace President GWU Group Committee and Charles Abela, Shop Steward – Non Clericals.

Mr Depasquale said the agreement includes a good financial package with salary increases over a period of three years. The CEO expressed his satisfaction with the new agreement that would indirectly benefit the organisation as a whole he said.