October 23, 2025
MS PEARL JOY HAUTEA
General Manager
First Farmers Holding Corporation
Subject: Proposals for Collective Bargaining Agreement
Dear Ms Hautea
We hope this message finds you in good health and high spirits. We respectfully submit our proposed amendments to our current Collective Bargaining Agreement to be applied to our Collective Bargaining Agreement for the period 2026-2031:
1. Additional Utility Allowance
In recognition of the rising cost of living and to support employees' essential expenses, we earnestly request the provision of an additional monthly utility allowance of PHP 900 for each union member.
2.Salary Adjustment
To further enhance the welfare and motivation of employees, we propose a 25% salary increase to be implemented progressively over three years, following the schedule below:
Year 1: 10% increase
Year 2: 10% increase
Year 3: 5% increase
3.Signing Bonus
In acknowledgment of the employees' continuing commitment and to boost morale during this period of adjustment, we respectfully request a signing bonus equivalent to 3 months' salary, computed after applying the initial year’s salary increase.
Thank you for your attention to this matter. We look forward to your positive response and are open to further discussions to reach a mutually beneficial agreement.
RODNEY C. ASPAN
FFASTS President