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Chilean court rules against Banco Ripley for anti-union practices

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Chilean court rules against Banco Ripley for anti-union practices

A Santiago labor court found Banco Ripley SA guilty of anti-union practices as it refused to extend collective benefits to unaffiliated workers, La Tercera reported.

The bank had negotiated an agreement with the union in July 2017, but did not extend benefits to agents and supervisors, and instead offered those workers a different package. As these benefits were reportedly better than those agreed with the union, the latter initiated a demand.

The court ruled that the company was "obliged to offer the extension of benefits to all workers of the company who did not belong to the union."

The bank must may a fine for the benefit of Union Training fund worth 150 UTM or around 7.22 million Chilean pesos, and extend the same benefits agreed to with the union to supervisors and branch agents.

As of Nov. 12, US$ 1 was equivalent to 687.28 Chilean pesos.