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UNI finance trade unions meet in Trinidad to discuss sale of CIBC FCIB

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Caribbean Finance Sector Unions met in Port of Spain, Trinidad on Friday, 10 January 2020 with the top executive management team from CIBC FCIB led by its CEO, Collette Delaney, and other senior representatives of the bank to discuss the sale of CIBC FCIB to the GNB Financial Group (GNB), headed by Jamie Gilinski out of Colombia.

At the meeting, leaders of trade unions from Antigua and Barbuda, Bahamas, Barbados, Dominica, Grenada, Jamaica, St Maarten and Curacao, St Vincent and the Grenadines, and Trinidad & Tobago attended.

Reports had surfaced late in 2019 indicating that the majority shareholding of the Bank had been sold to the Gilinksi Group from Colombia. This was later confirmed by a letter to the trade unions issued by the bank in November 2019.

The trade unions had demanded a meeting with the bank based on numerous concerns raised by workers around the region. Among the concerns raised were job security, possible changes in work structure and the future of the Regional Framework Partnership Agreement between the bank and the respective Trade Unions.

During the meeting, the unions expressed the need for better communication and the provision of any detailed plans regarding the future structure and operations of the Bank. They also expressed their willingness to engage in discussions with Gilinski (GNB), bearing in mind the bank’s intent to have him meet directly with the employees across the region. The unions are further encouraging the respective “Regulatory Arms” within each country to ensure proper due diligence is conducted and workers’ rights and interests are protected and preserved.

Most of the unions represented are affiliates of UNI Global Union, a global federation of trade unions, including the financial sector, with over 20 million members in more than 140 countries throughout the world. UNI Global which has signed more than 50 global framework agreements and is lending strong solidarity support to the unions and its members and is demanding that the jobs of all CIBC FCIB workers be preserved.

The unions will continue to monitor this process very closely.

UNI Global

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Caribbean & World

Missing Man Found | NOW Grenada

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30-year old, Devon Jeffrey of La Mode, St George, who was reported missing on Monday, 17 February 2020 has been found and has been reunited with his family. 

The Royal Grenada Police Force thanks the general public and the media for their continued support.

Office of Commissioner of Police

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Fátima Aldrighett: Mexico searches for suspect in seven-year-old's murder

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Police are searching for a woman seen with seven-year-old Fátima Aldrighett, who was later found dead.



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Caribbean & World

Prime Minister at Inter-Sessional Meeting of Caricom Heads of Government

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Prime Minister, Dr the Right Honourable Keith Mitchell, is in Barbados for the 31st Inter-Sessional Meeting of the Conference of Heads of Government of the Caribbean Community (Caricom).

Dr Mitchell is accompanied by Minister of Trade, Industry, Cooperatives and Caricom Affairs, Honourable Oliver Joseph.

Dr Mitchell is expected to update his colleague Heads of Government on matters of importance relative to Science and Technology, including Information and Communications Technology (ICT), which is his area of responsibility in the Caricom Quasi-Cabinet.

According to the Caricom Secretariat, Caribbean leaders are expected to deliberate on a regional approach to the Coronavirus (Covid-19) as well as the continuing challenges posed by non-communicable diseases (NCDs).

Other important agenda items include the need for ongoing advocacy against the challenges of blacklisting, de-risking, and withdrawal of Correspondent Banking Services; the Caricom Single Market and Economy and the strengthening of regional law enforcement cooperation among member states.

The leaders are also expected to engage in discussion with representatives from the private sector, labour and civil society.

The Prime Minister returns to the state on Wednesday, 19 February 2020. In his absence, Honourable Gregory Bowen will act as Prime Minister.

Office of the Prime Minister

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