Finance Workers employed with the St. Lucia Workers Credit Union will enjoy a general wage increase of ten percent (10%) spread as five percent (5%) in year one, three percent (3%) in year two and two percent (2%) in year three. They will receive a back pay effective from February 2024.
This development is as a result of industrial negotiations completed between the financial institution and the National Workers Union (NWU) on behalf of the employees.
The parties also agreed to other provisions in the industrial accord which saw enhancements in Acting Allowance, Meal Allowance and Length of Service Award among others.
It is expected that the parties will meet shortly at the Department of Labour with Labour Commissioner Joseph Joseph to affix signatures to the new industrial agreement. The current agreement will run for a period of three years.