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The Commercial Bank Syndicate raises concerns about the restructuring
The Labor Union of the Commercial State Bank of Ethiopia (CBE), and the management of the bank are in conflict as the CBE is being restructured.
The Workers Union, which has 29,000 active members, opposes the planned restructuring by saying that it neglects social benefits, wages and promotions. Since the beginning of the restructuring process at the executive level two months ago, more than half of the union members have filed grievances against the bank's management.
"We are asking for a salary adjustment for five years, said Markos Ayalew, union secretary, and we have been told that the restructuring would treat him, which seems to be wrong."
The study of The restructuring was carried out over two years by the Frankfurt School of Finance & Management, a German private business school founded five decades ago. The restructuring came into effect two weeks ago at a non-managerial level. CBE has more than 32,739 employees, including approximately 3,000 with a management portfolio and 29,788 office employees, and the bank operates 1,270 branches across the country. In the first three quarters of the current fiscal year, the bank received 71.5 billion br in the deposit and disbursed 63.7 billion br in new loans
"The restructuring has entered into Belehu Takele, Head of Communications at CBE The bank welcomed Bacha Gina as the new President two weeks ago, replacing Bekalu Zeleke who was the new president. President for ten years. "The restructuring aims to improve the banking management system, improve operational excellence and foster business growth.
He also adds that the restructuring was conducted with the participation of the employees and is based on the collective agreement concluded between the two. The first collective agreement between the bank and the employees was signed in 1973. The Union, which recently changed leaders, renegotiated 11 times with the bank and amended the collective agreement in 1977.
Leaders of the Union differed with Belehu's badertions
The Union also contends that the restructuring is carried out in violation of the collective agreement concluded between the Union and the Bank. Employee qualifications, performance and recommendations are key factors in the collective agreement for promotions, says the union. The Union was established with 500 workers and 1,200 Br capital, which has since grown to 61.7 million br. The Union has invested in equities with Habesha Breweries, Alliance Transport Services and the International Cardiovascular Hospital.
"Today, promotions are made with recommendations, ignoring other parameters," says Melese Kbada, who works at the main branch. a senior business position of the Bank with the restructuring.
He was a district supervisor and compliance officer before the new structure bent his department two months ago. He claims that he was released for almost two months until he got his current job.
The bank has the right to unilaterally carry out any type of restructuring unless both parties reach a prior agreement to involve the union in the process, according to Mehari Redai (PhD), professor at the University of Addis Ababa University (AAU)
"As both parties have done in the past, they have to sit down and negotiate a resolution", said Mehari.
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