The management of the recently re-branded Trinidad and Tobago Mortgage Bank says no jobs were lost with 87% of staff members maintaining their existing jobs, while 13% received slightly different roles.
In January 2024, the Home Mortgage Bank and the Trinidad and Tobago Mortgage Finance Company merged and was fully re-branded into the Trinidad and Tobago Mortgage Bank (TTMB) in March 2024.
Managing Director and Chief Executive Officer of TTMB, Robert Green, confirmed that maintaining the current staff was strategic.
With respect to Collective Bargaining Agreements, Mr. Green confirmed that negotiations are stalled for the 2019/2021 – 2022 negotiating period. The Banking Insurance and General Workers Union, BIGWU, the majority union, has been speaking with management on this matter.
The TTMB CEO also noted that Agreements for 2015 Management compensation packages are also still outstanding and assured that the TTMB Board and Management will continue to work closely with the Chief Personnel Officer to bring closure.
The TTMB Board and Management were scrutinised before the Public Account Enterprises Committee of the Parliament on Wednesday.