00:00The Industrial Court ruled in favour of the Malayan Commercial Banks Association in its
00:06trade dispute with the National Union of Bank Employees over festival aid for bank employees.
00:13Court Chairman D. Parmalingam said the memorandum of agreement on festival aid, dated April
00:185, 2023, had no legal or binding effect as it was not formally recognised under the Industrial
00:24Relations Act 1967.
00:27He said the MOA only provided for a one-off payment in 2023 and did not obligate banks
00:32to pay festival aid in subsequent years.
00:35Parmalingam said he was bound by the principle of stare decisis, citing past similar rulings
00:40by the High Court, Court of Appeal and Federal Court.
00:45He criticised NUBE for trying to reintroduce the MOA as an implied term of employment despite
00:50the precedence set in the NUBE vs HSBC Bank Malaysia Berhad case.
00:56The court rejected NUBE's attempt to overturn an Apex Court decision, with Parmalingam accusing
01:01the union's General Secretary, Jay Solomon, of feigning ignorance about the previous ruling.
01:08Danish Rajareza, FMT News.
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