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Monday, April 02, 2007

 

Maynilad signs labor accord


MAYNILAD Water Services, Inc. said it has come to terms with the Maynilad Water Supervisors’ Association on a new collective bargaining agreement (CBA) that will cover the wage and welfare benefits of the distributor’s supervisors for the next three years.

Maynilad said that under the CBA about 300 supervisors stand to get a pay increase of P2,950 for the first year, and P2,900 for the second and third year; an increase in the midyear financial assistance of P1,500 for the first year and P1,000 for the second and third years; assistance to workers’ education in the amount of P150,000; an increase of P100 each for their rice and meal allowance; and an increase of P2,000 for dependents’ health maintenance benefit. They will also receive a P20,000 signing bonus.

The conclusion of the CBA negotiations comes on the heels of the signing of the new CBA between Maynilad and the rank-and-file union, the Maynilad Water and Sewerage Union-Philippine Transport Workers Group Organization.

The new labor accords come shortly after a consortium led by DMCI Holdings and Metro Pacific Investment Corp. bought the government’s controlling stake in Maynilad.
--Euan Paulo C. Añonuevo

  
 

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