Labour Union of the Siam Commercial Bank has decided to call off its planned demonstration after the management agreed to accept their demands for consideration.
The meeting on Monday (Jan 29) morning between union representatives led by Vaidhit Sirisuwan and the bank's management headed by chief executive officer Arthid Nanthawithaya went on smoothly without any employees gathering at the bank's head office.
The union demanded that the management review its pay rise and bonus schemes after it was discovered that about 5,000 employees were graded as being under-performed and were not entitled to any pay increase.
Mr Vaidhit said that the union did not object to the management's organizational restructuring plan which would result to the downsizing of the organization with the number of branch offices being substantially reduced, and staff members to be retrained.
On the bonus issue, the union leader there was no problem between the union and the management.
After the meeting on Monday, Mr Vaidhit said the union would inform its members about the result of the discussion with the management.
Source: Thai Public Broadcasting Service (Thai PBS)