ATB Financial is one of the largest financial institutions in Alberta, Canada. The company has been providing financial services to its customers for over 80 years, and it has grown to become a leader in its industry. Recently, the employees of ATB Financial ratified a new collective agreement, which outlines their working conditions and compensation.
A collective agreement is a legally binding contract between employees and their employer. It is negotiated by a union on behalf of its members and the employer, and it outlines the terms and conditions of employment for the employees covered by the agreement. ATB Financial employees are represented by the Alberta Union of Provincial Employees (AUPE), which negotiated the new collective agreement with the company.
The new collective agreement covers over 2,500 employees of ATB Financial and includes various provisions related to wages, benefits, and working conditions. The agreement is valid from April 1, 2021, to March 31, 2023, and it includes a wage increase for the employees.
Under the new agreement, employees will receive a 1.5% wage increase in the first year of the agreement and a 2% wage increase in the second year. The agreement also includes provisions for overtime pay, sick leave, and vacation entitlements. Additionally, the agreement outlines the process for resolving disputes between the employees and the employer.
The collective agreement also includes provisions related to job security and workplace safety. It outlines the company`s commitment to providing a safe and healthy work environment for its employees and outlines the processes and procedures for dealing with workplace incidents and injuries.
One of the key provisions of the new collective agreement is related to mental health. The agreement recognizes the importance of mental health and wellbeing and outlines the company`s commitment to providing support and resources to employees who may be struggling with mental health issues.
Overall, the new collective agreement between ATB Financial and its employees is a significant milestone for both parties. The agreement ensures that the employees are fairly compensated for their work and that they have access to a safe and healthy work environment. It also reflects the company`s commitment to supporting its employees and providing them with the resources they need to succeed in their roles.