LBPEA Visayas Report:
1. 5th Collective Negotiation Agreement -
The negotiation proper started on October 10 attended by the LBPEA Representatives/Directors both from the head office and the field. The 2nd session on Oct 14 was only half day due to the scheduled meetings of top management officers. The 3rd was on Oct 18 last Friday. The next negotiation will be on Oct 24-Friday.
As of this time, there are no agreements reached yet on major proposals of LBPEA except for official time and issue on rata which will be referred to agencies concerned like CSC and DBM.
Per CSC Rules on CNA, only non-economic matters/issues are allowed to be negotiated like leave, reassignments, etc. Thus there are no economic or monetary issues that may be crafted in the CNA.
2. APL Term Loan Extension-
The proposal of LBPEA for the extension of APL term from 7 years to 10 years passed the scrutiny of the PF technical working group and calendared in the agenda of the PF Board this October 20 for its approval. After the approval of the PF Board, we will be able to know the guidelines for the extension.
3. Petition for CP4
Our petition was referred by Malacanang to Pres/CEO Pico for appropriate action. But LBPEA was able to talk to a Malacanang representative who handled our request for clarification why the petition was referred back to LandBank.
The Malacanang source informed us that they validated our request with DBM, GCG and LandBank. When they made the validation with LBP, she was informed that there was no such petition received from LBPEA. Then our LBPEA representative informed her that the management was informed about the submission of the petition to Malacanang and infact there was a statement before from Pres Pico that there hands are tied by the GOCC Act the reason that we submitted the petition directly to Malacanang. She advised us to resubmit the petition to Malacanang cc: GCG, DBM, DESFA (Deputy Exec Sec for Finance Admin), and DESGA (Deputy Exec Sec for General Admin).
After our CNA last Friday, we requested EVP Junet Climaco for some updates regarding our payplan, SIP and the merger.
He informed us that indeed our petition was referred to them by Malacanang. He said that they will request for an audience with GCG Commissioner Angela Ignacio regarding our payplan.
On the merger, he said that it would require a law for the merger of the 2 banks and it will not happen that fast. He mentioned that even the extension of our corporate life took more than 3 yrs in Congress.
The approved SIP for the bank is still for health reason.