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FCIB Staff In Bahamas Join Protest

Protests actionAntigua St John's - Protests action over ongoing severance negotiations at FirstCaribbean International Bank (FCIB) spread to the Bahamas on Monday, with employees there refusing to work from around midday.

Details of the effect on customers in the Bahamas were sketchy, however information reaching Caribarena.com suggested that the issue is a moral one, as the Antigua Barbuda Workers Union (ABWU) believes the manner in which the bank wants to sever a handful of employees is inhumane.

Sources close to the union said the bank had reportedly attempted to fire employees on the spot, calling them individually into the management's offices to inform them that their services were no longer needed.

FCIB employees staged protest actions on Friday after news of this had circulated, coupled with the lack of progress in union negotiations. Scores of employees left their posts sometime after 3 pm.

The bank issued an apology over the weekend for the inconvenience to its customers, noting that it is operating in line with the labour laws.

On Monday, the ABWU had indicated that negotiations to end the strike had begun, and should be completed by Monday evening.


If those negotiations did not end on a fruitful note, it was expected that the employees would strike again on Tuesday. Labour Minister Dr Errol Cort has indicated his intention to step in if that occurs.

The staff cuts here in Antigua are reported to be part of regional downsizing operations that have so far seen at least a dozen people in three islands out of a job.

See related stories:

FirstCaribbean Workers Protest Planned Layoffs

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2 Comments In This Article   

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RE: FCIB Staff In Bahamas Join Protest

#2 Rick W » 2011-04-20 07:27

How come none of the other Big Canadian banks have started doing this. THey are much more efficient than this Last Caribbean International Bank. If FCIB oops LCIB was more efficient, had their customers at the heart of what they do then they would be more profitable than they are and would not have to retrench staff. They are sending home staff and not replacing people therefore people now have to double up and triple up. The plan is that when the staff fail to make quotas they look at it as a performance issue and send tham away without compensation so it works out better for the bank. I cannot deal with this kind of Bank, Im going to move.
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Rick W

RE: FCIB Staff In Bahamas Join Protest

#1 Julian M » 2011-04-19 20:14

This is typical of this Bank who has no respect for anyone including their customers, sorry I mean especially their customers who the bank puts through an awfully rigourous and unfair process both when applying for finance and/ or opening an account. Frankly this bank has great staff but I consider them the worst of the big banks. FCIB take that and smoke it.
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