Wednesday, June 9, 2010

Proton's units sign CAs with unions

SUBANG JAYA: PROTON HOLDINGS BHD []'s wholly-owned subsidiaries Perusahaan Otomobil Nasional Sdn Bhd (PONSB) and Proton Tanjung Malim Sdn Bhd (PTMSB) had on Wednesday, June 9 signed collective agreements with their respective workers unions following the conclusion of successful negotiations.

Proton's group managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir, who signed on behalf of the two wholly-owned subsidiaries, said this was the eighth collective agreement with PONSB and the second for PTMSB.

He said the collective agreements covered a a three-year period from Jan 1, 2010 to Dec 31, 2012 and incorporated new and improved financial and social benefits for members of the unions. Syed Zainal said the agreements included an average of 7.5% increase in salary across the board.

According to him, the new agreements would benefit 4,195 PONSB employees and 2,204 PTMSB employees, stressing it would see improvements in "call back," transport allowance, laundry assistance, medical benefits and condolence contribution.

"The spirit of philosophy in which the new agreements were drafted were designed to allow Proton to remain as a competitive employer in the Malaysian automotive industry," he pointed out.

Syed Zainal said the objective of the agreements were to create a motivated and skilled workforce, obtain employees' commitment towards increasing productivity, encouraged harmonious industrial climate and instilled awareness on the consequences of the National Autmotive Policy.

"The eighth collective agreement with PONSB marks the fulfillment of Proton's responsibility to look after the welfare of its workers, something it has been committed in doing for more than 25 years," he said adding that the company had not reduced benefits to workers even during trying times.

PONSB Workers Union and PTMSB Workers Union were represented by their respective presidents Mohammad Fauzei Yusuf and Mohd Yusmar Omar.

Proton's share price rose one sen to close at its intra-day high of RM4.50, with 829,600 shares traded.

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