The General Workers’ Union (GWU) has issued a firm ultimatum to HSBC Malta plc, insisting that the bank must provide a copy of the proposed financial package intended to compensate employees for their past service by 1 December 2025, or face legal action.
The ultimatum was delivered by the GWU’s Professionals, Finance and Services Section, which stressed that workers are entitled to sufficient time to review and analyse the draft before it is formally presented to them.
Section Secretary Riccarda Darmanin stated that if the union is not given adequate time to examine the document, the GWU will have no choice but to proceed with legal measures, as outlined in Clause 9 of the 2024–2026 Collective Agreement between HSBC Bank Malta plc and the GWU.
The union expressed growing concern over what it described as continuous and unacceptable delays in receiving the draft document, which outlines the proposed terms for the transition expected to take place with CrediaBank.
“The draft requested during our meeting with the Director General of DIER has still not been submitted. This ongoing delay is unacceptable and is hindering our ability to prepare our position properly,” Darmanin said.
The GWU urged HSBC Malta to engage in timely, transparent, and meaningful dialogue to resolve the matter in the best interest of all parties involved.
