Bangkok Bank staff demand pay, bonus hike

Bangkok Bank staff demand better pay

Published: 22 Jan 2013 at 16.01
Online news: News

Around 100 employees of Bangkok Bank staged a protest in front of the company's headquarters on Silom Road in Bangkok on Tuesday, demanding bigger salary increases and a return to previous bonus levels.

The Bangkok Bank Workers Union submitted a proposal to executives requesting management resume payment of an annual four-month bonus. Workers now receive a two-month annual bonus.

The employees also want management to resume paying a 450,000 baht lump sum to employees on retirement. Now retirees receive 300,000 baht.

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drsmith
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Discussion 22 : 23 Jan 2013 at 13.0022
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Every single person in Thailand will want what they feel is their own fair share. Greed and "what's in it for me" is the new motto for Thailand. The government has set a poor example through illegal wealth to the point every person in Thailand believes they are owed more, same as the govt politicians. Thailand is heading for a serious financial melt-down sooner than later.
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DonAleman
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Discussion 21 : 23 Jan 2013 at 11.5321
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I have seen several comments, and having heard the same hog wash from Thai associates,offer a rebuttal :"don't like it where you are, well quit and go where it is better" ! These commenters were/are middle/upper income people, the "cream" so to speak who could do just that and do not realize that most of the striking workers don't enjoy their status and... employers have a code of Same-same, same hours, same pay,same benefits, etc.My companion works an 8 hr. 5 day a week job, enjoys a 30% product discount, holidays, merit increases, promotions, and I venture to say that none, zero, nada, of the potential "strikers" have similar jobs.
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boontong
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Discussion 20 : 23 Jan 2013 at 08.4020
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I think it is OK for workers to protest peacefully if they have followed accepted procedures and after exhausted all avenues to negotiate with the management. In a rapidly changing world, we are called to change. Businesses should become a channel of blessings not just through products and services but also to the people who contributed to providing them. Businesses survival will depend whether the owners and shareholders are prepared to share the fruit of labors contributed by all levels.
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djay
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Discussion 19 : 23 Jan 2013 at 07.4119
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Considering that there are only about 12 countries in the world where income inequality is worse that it is in Thailand, it is no wonder workers are starting to complain.
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faranginkorat
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Discussion 18 : 23 Jan 2013 at 07.2518
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My recollection is that the law requires equal matching of retirement contributions (provident funds) for ALL employees, regardless of seniority or rank.
There might be others, but I am only aware of two companies that did the maximum allowable of 15% matching (30% of salary total into the provident fund each year).
I ran both of them and retired at 55. I don't see emoticons here, but if they were available, I would add a smiley face here.
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christianl
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Discussion 17 : 23 Jan 2013 at 07.2017
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#5 rastas

Around 15 percent of the population in Thailand is ethnically chinese, so called Thai-Chinese. Are you suggesting this huge number of people are somehow connected in the entity you weirdly describe as "the thai-chinese families"..? That's just paranoid nonsense. Do you have any proof that BKK Bank routinely turns down ethnic thai applicants that have the right qualifications just because they are not part of the "family"? You need to get out more, and not sit at home dreaming up wild conspiracy theories.
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faranginkorat
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Discussion 16 : 23 Jan 2013 at 07.1716
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If organized crime, or just the local gang, demands money with threats of interrupting your business, it is a crime.
If your employees do it, it is their right and the law protects them.
What is wrong with this picture??
Organized labor should be a crime as well.
Businesses will pay what they have to in order to attract valuable employees.
Businesses belong to owners (shareholders for public companies as those discussed here.)
If the employees think the company has excessive profits, they should be saving and buying shares of the stock.
Anybody interrupting a business by force or organized work stoppages should be fired and arrested.
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spiceman
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Discussion 15 : 23 Jan 2013 at 06.0715
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This is the danger of a Govt trying to be all things to all people, instead of sticking to known and proven noble principles. Economists call this "Moral Hazard," and now Thailand is getting a taste of it.
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yowie69
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Discussion 14 : 23 Jan 2013 at 06.0614
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Sing it again for me Mr Kelly "from little things big things grow". The Thai people are finding a voice, and not before time.
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boons
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Discussion 13 : 23 Jan 2013 at 05.5813
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Here we go. The inflation genie is now out of the bottle and is not going back in. Now please explain how this 80% export economy is going to survive when world consumption is collapsing and the cost of labor is soaring? Now would be a good time to reflect on good minister Kittiratt's growth expectations for 2013. They will clearly not be materializing if every industry up and down the food chain reacts to soaring inflation by striking. The only possible way Thailand can afford wage increases across the board is to rapidly devalue the baht. Will they? Oh of course not. These economic illiterates will likely go with plan B: Stimulus.
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