Identifier
Created
Classification
Origin
06ABIDJAN812
2006-07-25 16:09:00
CONFIDENTIAL
Embassy Abidjan
Cable title:
COTE D'IVOIRE: BANK EMPLOYEES REPORTEDLY POSTPONE
how-toVZCZCXRO0806 RR RUEHPA DE RUEHAB #0812 2061609 ZNY CCCCC ZZH R 251609Z JUL 06 FM AMEMBASSY ABIDJAN TO RUEHC/SECSTATE WASHDC 1646 INFO RUEHZK/ECOWAS COLLECTIVE
C O N F I D E N T I A L ABIDJAN 000812
SIPDIS
SIPDIS
E.O. 12958: DECL: 07/25/2016
TAGS: ELAB EFIN PGOV ASEC KPKO IV
SUBJECT: COTE D'IVOIRE: BANK EMPLOYEES REPORTEDLY POSTPONE
STRIKE
Classified By: POL/ECON Jim Wojtasiewicz, reasons 1.4(B) and (D).
C O N F I D E N T I A L ABIDJAN 000812
SIPDIS
SIPDIS
E.O. 12958: DECL: 07/25/2016
TAGS: ELAB EFIN PGOV ASEC KPKO IV
SUBJECT: COTE D'IVOIRE: BANK EMPLOYEES REPORTEDLY POSTPONE
STRIKE
Classified By: POL/ECON Jim Wojtasiewicz, reasons 1.4(B) and (D).
1. (C) On July 25, leaders of the union representing all
bank employees in Cote d'Ivoire told us they had postponed a
three-day strike that the union had threatened to start on
July 26. This decision was reportedly made after the banking
sector employers' association offered fresh talks. Union
leaders tell us that according to Ivoirian law, the strike
may not commence while negotiations are taking place, and so
they have postponed the strike for at least five days.
2. (U) The National Union of Employees of the Banking and
Financial Establishments of Cote d,Ivoire (SYNABEFA-CI) is
the sole union representing all bank and financial
establishment employees. It is a well-established union of
more than twenty years, with approximately 3,500 members.
The Association of Banking Sector Employers de Cote d,Ivoire
(APBEF-CI) represents all eighteen financial institutions in
Cote d,Ivoire of which 16 are banks and two are credit
establishments. Most of them, including the largest, are
privately owned, though two smaller banks are
government-owned.
3. (U) The dispute began in September 2005 when SYNABEFA-CI
requested a review of salary levels. The union created this
pay review plan to address the concerns of its members about
rising costs of living. APBEF-CI rejected the pay review
plan in January 2006. Since then, no progress has been made
in successive negotiations. On July 17, SYNABEFA-CI issued a
strike notification to put pressure on APBEF-CI. The
employers responded July 24 by offering an initial five-day
period of renewed negotiations.
3. (C) Comment: A strike at all of Cote d'Ivoire's banks
would have paralyzed this country, especially in light of the
fact that all government salaries, including military
salaries, are paid through employees' bank accounts. The
timing of the threat was also no coincidence, because these
salaries are paid into the accounts at the end of the month.
We suspect that the employers, perhaps under pressure from
the government, will make enough of a counter-offer to keep
the union at the bargaining table after the initial five-day
period and for some time to come. End Comment.
Hooks
SIPDIS
SIPDIS
E.O. 12958: DECL: 07/25/2016
TAGS: ELAB EFIN PGOV ASEC KPKO IV
SUBJECT: COTE D'IVOIRE: BANK EMPLOYEES REPORTEDLY POSTPONE
STRIKE
Classified By: POL/ECON Jim Wojtasiewicz, reasons 1.4(B) and (D).
1. (C) On July 25, leaders of the union representing all
bank employees in Cote d'Ivoire told us they had postponed a
three-day strike that the union had threatened to start on
July 26. This decision was reportedly made after the banking
sector employers' association offered fresh talks. Union
leaders tell us that according to Ivoirian law, the strike
may not commence while negotiations are taking place, and so
they have postponed the strike for at least five days.
2. (U) The National Union of Employees of the Banking and
Financial Establishments of Cote d,Ivoire (SYNABEFA-CI) is
the sole union representing all bank and financial
establishment employees. It is a well-established union of
more than twenty years, with approximately 3,500 members.
The Association of Banking Sector Employers de Cote d,Ivoire
(APBEF-CI) represents all eighteen financial institutions in
Cote d,Ivoire of which 16 are banks and two are credit
establishments. Most of them, including the largest, are
privately owned, though two smaller banks are
government-owned.
3. (U) The dispute began in September 2005 when SYNABEFA-CI
requested a review of salary levels. The union created this
pay review plan to address the concerns of its members about
rising costs of living. APBEF-CI rejected the pay review
plan in January 2006. Since then, no progress has been made
in successive negotiations. On July 17, SYNABEFA-CI issued a
strike notification to put pressure on APBEF-CI. The
employers responded July 24 by offering an initial five-day
period of renewed negotiations.
3. (C) Comment: A strike at all of Cote d'Ivoire's banks
would have paralyzed this country, especially in light of the
fact that all government salaries, including military
salaries, are paid through employees' bank accounts. The
timing of the threat was also no coincidence, because these
salaries are paid into the accounts at the end of the month.
We suspect that the employers, perhaps under pressure from
the government, will make enough of a counter-offer to keep
the union at the bargaining table after the initial five-day
period and for some time to come. End Comment.
Hooks