BDO anticipates to have 21,717 employees by December 31, 2012.
BDO has an existing collective bargaining agreement (CBA) with the Banco De Oro National Union of Bank Employees covering substantially all of the Bank's staff level employees, except those expressly excluded under the new CBA. This agreement is effective for a period of five (5) years from November 1, 2010 to October 31, 2015, in so far as the representation aspect is concerned, while all other provisions are effective for a period of three (3) years until October 31, 2013. The Bank has not suffered any strike in the past 25 years, and the Bank considers its relations with its employees and the Union to be good.
Source: Amended SEC Form 17-A.
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