Collective agreement by MBSL to overcome challenges ahead

MBSL & Finance PLC CEO T. Mutugala and Ceylon Bank Employees’ Union President S.P. Jayarathna changing the agreement while MBSL & Finance PLC Chairman Dr. Sujeewa Lokuhewa and Assistant General Manager HR Dhammika Guanawardhana and Ceylon Bank Employees’ Union General Secretary A.K. Bandara look on

Merchant Bank of Sri Lanka & Finance PLC signed a collective agreement for a further three years at the Employers’ Federation of Ceylon recently. MBSL & Finance PLC CEO T. Mutugala, Assistant General Manager HR Dhammika Guanawardhana and Ceylon Bank Employees’ Union President S.P. Jayarathna and General Secretary A.K. Bandara signed the agreement. 

The objective of this collective agreement is building employee and employer goodwill and providing more benefits to employees whilst contributing towards the steady growth and progress of the bank, commented Jayarathna expressing his appreciation and thanking the corporate management, Chairman and the board of directors of MBSL & Finance PLC. 

MBSL & Finance PLC was honoured as one of the Best Employer Brands in Sri Lanka by the World Human Resources Development Congress in 2016 and its commitment to uphold the development and welfare of its employees has been one of its core objectives. The bank was able to finalise the collective agreement through a process of cordial negotiations between management and union representatives with minimum discussion.

Mutugala stated that the latest collective agreement enabled higher rates of salary increases, monetary facilities and many other benefits for employees. He noted the significant guidance and encouragement provided by the board of directors including the Chairman Dr. Sujeewa Lokuhewa, and the senior management, and said a stronger and more productive contribution can be expected from the employees to support the future growth of the company.

He further appreciated and thanked the Assistant Director General of The Employers’ Federation of Ceylon Dittha D. De Alwis and the President and General Secretary of the Ceylon Bank Employees’ Union, S.P. Jayarathna and A.K. Bandara respectively, for the contributions made by them.