Jabu Shiba, the Secretary General (SG) of the Swaziland Union of Financial Institutions and Allied Workers Union (SUFIAWU) has confirmed that they have reached an agreement with the First National Bank (FNB) Eswatini.
It has been disclosed that the Bank and the Union were locked in a meeting until 12 midnight on Wednesday October 18 and the meeting was chaired by the FNB Eswatini Chief Executive Officer (CEO) Dennis Tikhalo Mbingo.
“We have since reached a settlement with FNB at 6.5% plus additives”, reads a message in part sent to this journalist by the Secretary General.
Dennis Mbingo, the FNB Eswatini CEO had not responded at the time of compiling this report. The plight of the FNB Eswatini workers was reported by Swaziland News, they were demanding 8.5% salary increment however, the bank was offering 5.85%. But as the negotiations continued ahead of the strike action both parties subsequently reached an agreement at 6.5% including benefits for the workers, resulting in the cancellation of the strike action that was highly expected to commence today Friday October 20.