NextGen Day

CEBU CITY, Philippines – The management of Visayan Electric Co. (Veco), Cebu’s largest power distributor, and its employees’ union have inked a five-year collective bargaining agreement (CBA), marking a watershed moment in the labor sector here.

The head of the management panel, Engr. Mark Anthony Kindica, stated the 2022-2026 CBA discussions were by far the most peaceful and cordial the firm has ever had.

“This was a watershed moment for Visayan Electric, but we still have a long way to go in terms of deepening our partnership with VECEU” (Visayan Electric Co. Employees Union). “This is just the beginning,” he stated in a statement released on Saturday.

VECEU President Arnel Zapanta thanked the utility management team for taking the union’s concerns into consideration.

“CBA discussions were made simple for the first time in 15 years.” We also signed two CBAs in less than a month for the first time. We wish for the continuation of this harmonious connection. “Labor and management should work together,” Zapanta remarked.

After a previous CBA expired in 2017, the VECEU was due to conclude a new CBA with Veco management in 2017. The union and management were unable to reach an agreement on a number of topics, including the amount of a yearly across-the-board salary raise that should be adopted for rank and file employees, during discussions for the 2017 CBA.

The 2017 CBA was only signed in April of this year by the union and management. Following that came negotiations and the present CBA.

For his part, President and COO Engr. Raul Lucero commended the union and the management panel for finally addressing the CBA issues.

“With the signing of the CBA, we can look forward to years of industrial peace.” “Hopefully, this is the beginning of a sincere and trusting partnership between management and the union,” Lucero added.

All Veco employees will earn a one-month salary signing bonus, while confidential employees and supervisors will receive a one-month pay loyalty incentive.

Aboitiz Power Corp. and Vivant Corp. control and run Veco, the country’s second-largest power company. It serves the cities of Cebu, Mandaue, Talisay, Naga, Liloan, Consolacion, Minglanilla, and San Fernando, as well as four municipalities in Metro Cebu.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---