The date – November 10, 2010 – marked the culmination of the series of efforts poured by different officers behind the collective-bargaining agreement (CBA) negotiations and was celebrated through a short program attended by the New PVB Employees Union (NPVBEU) leadership as well as the bank’s senior officers.

The program, emceed by Corporate Communications Head, VP Miguel Angelo Villa-Real, started with the singing of the National Anthem followed by the solemn invocation by IT Group Head SVP Camille Maricelle Canullas.

HRODD Head FVP Ma. Lourdes de Guzman delivered a refreshing welcome address where she made mention of the commendable effort of both management and union panels. She was followed by NPVBEU President Florentino Solangon who spoke of his admiration at how important the personas behind the negotiations who extended their patience during the most heated part of the negotiations. The Bank Management counterpart, Board Secretary and SVP Atty. Federico Manalo cited his gratefulness for the short duration of the negotiations which were finished in record time and also expressed his admiration for the unanimous approval of the Board of Directors of the results of the CBA.

PVB Chairman Col. Emmanuel de Ocampo then delivered an inspiring message, expressing his satisfaction of the way the negotiations were handled by both parties, even jokingly comparing how it was before and how it is now.

Of course, the occasion would not have been complete without hearing from the person behind the grant of a very competitive and reasonable compensation and benefits package for the employees – none other than President Ricardo Balbido Jr. The president emphasized that the factor that led to the success of the CBA was the “financial transparency” that had been present from the very beginning.

He believed that the Union had knowledge of the financial state and condition of the bank which was the primary consideration during the negotiations. According to the President, the common objective of the CBA is for the bank to continue its productivity to be more profitable and solid in term of financial stability. In turn, this would enable it to continue contributing to the welfare of the bank’s stockholders – the World War II veterans and their heirs.

After the signing of the CBA by both the bank management and the union, everyone enjoyed a sumptuous catered brunch.

Signing the CBA: (L-R) Union President Florentino Solangon, Chairman Emmanuel de Ocampo, President Jun Balbido, SVP Atty. Federico Manalo

Successful CBA: PVB Management led by Chairman De Ocampo and President Balbido and New PVB Employees Union led by Mr. Florentino Solangon

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For any questions or clarifications, please call:
Mike Villa-Real
Vice-President
Corporate Communications and Marketing Services Dept.
Tel: 902-1670
Email: mcvillareal@veteransbank.com.ph