The National Bank of Ukraine (NBU) is a financial institution that operates in Ukraine. As an employer, the NBU is bound by the legal requirement to enter into collective bargaining agreements with its employees. A Collective Bargaining Agreement (CBA) is a legally binding agreement between an employer and a union that outlines the terms and conditions of employment.
The NBU is a member of the National Bank of Ukraine Independent Trade Union (NBUITU), which represents the interests of the bank`s employees. The NBUITU negotiates the collective bargaining agreement on behalf of the bank`s employees. The current CBA is in effect from January 1, 2019, through December 31, 2020.
The NBU Collective Bargaining Agreement covers a wide range of employment-related matters such as salaries, benefits, working hours, and work conditions. The agreement also outlines the grievance and arbitration procedure that employees can use to resolve disputes with the bank.
Under the agreement, the NBU commits to providing its employees with a safe and healthy working environment. The bank also agrees to protect its employees from discrimination, harassment, and retaliation. Additionally, the NBU agrees to provide its employees with a fair and competitive compensation package.
The CBA outlines the salary structure for the bank`s employees. The bank agrees to review salaries annually to ensure that they are competitive with other financial institutions in the market. The NBU also provides its employees with various benefits such as a health insurance plan, retirement plan, and vacation time.
Furthermore, the NBU Collective Bargaining Agreement provides for flexible working arrangements, including telecommuting and flexible work schedules. The bank also agrees to provide its employees with opportunities for professional development and training.
In conclusion, the NBU Collective Bargaining Agreement is a crucial document that outlines the terms and conditions of employment for the bank`s employees. The agreement provides employees with essential protections such as fair compensation, benefits, and a healthy working environment. The NBU and its employees can now move forward with a clear understanding of their respective rights and responsibilities.