MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) are in the process of crafting new guidelines governing outsourcing of jobs in the banking industry.
The new guidelines are intended to harmonize the regulations on outsourcing currently covered by BSP Circular 268 and DOLE Department Order (DO) 18-02, which both contain conflicting provisions on outsourcing in the banking industry.
The move to craft new guidelines was prompted by grave concerns of the National Union of Bank Employees (NUBE) on the outsourcing of jobs of regular workers in the banking industry in the face of very liberal provisions in BSP Circular 268.
“Outsourcing has become rampant since the enactment of BSP Cir. 268 and has resulted in job losses,” NUBE national president Jose P. Umali Jr. said during a colloquium held recently.
Umali said that a NUBE survey indicates that 1,350 contract employees were hired by the banks polled, numerous types of jobs were being outsourced, and unions underscored the importance of conducting consultations prior to implementing outsourcing, among others.
During the colloquium on “What Makes a Bank a Bank” organized jointly by the Bureau of Labor Relations (BLR) and NUBE held recently, BSP managing director Johnny Noe Ravalo, outlined the seven proposed areas that “will effectively be deemed as inherent to a bank.”
These areas are deposit-taking, lending, management functions, activities covered by specific guideline/license, compliance functions, internal audit, and risk management. According to Ravalo, these areas are the core of the proposed revisions to the existing outsourcing framework.
Ravalo added that the BSP has already undertaken initiatives to review labor laws.
Under DO 18-02, contracting refers to a specific period or pre-determined period of time while outsourcing does not have restrictions with respect to timeframe. BSP Cir. 268 doesn’t distinguish between contracting and outsourcing.
In the same affair, the UP-School of Labor and Industrial Relations and the Trade Union Congress of the Philippines (TUCP) raised the need to promote ethical outsourcing, social dialogue, strong partnership between labor and management, and an efficient grievance machinery and adjudication system. –(The Philippine Star)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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