Philippine Stock Exchange
PSE Circular for Brokers No. 033-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 3, 1998
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February 3, 1998 PSE CIRCULAR FOR BROKERS NO. 033-98 PHILIPPINE STOCK EXCHANGE, INC. Phil. Stock Exchange Center Exchange Road, Ortigas Center Pasig City Attention : Ms . Maria Isabel P . Garcia Head, Listing & Compliance Department Dear Sir : Greetings: We are pleased to inform you that the CBC's Employees Association and the Management Panel of the Bank finally concluded and signed late this afternoon the Collective Bargaining Agreement between them that provide for an average of 45% salary increase retroactive from August 1997 to July 2000 inclusive of about P111 Million in non-salary benefits, or a total package of P260 Million, subject to the respective ratifications by the general membership of the Union and the Bank's Board of Directors. aisadc Thank you. Very truly yours, (SGD.) ARSENIO L. LIM, JR. Vice President & Corporate Secretary
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