THE Silliman University in Dumaguete City has averted a labor strike following a compromised agreement forged under the auspices of the National Conciliation and Mediation Board.
In a statement, the Silliman University Faculty Association said the school administration conceded to some reforms in their collective bargaining agreement (CBA).
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Among the adjustments were a monthly salary increase of P1,400 effective June 1, 2024 and P1,600 starting June 1, 2025, plus an annual rice subsidy of 9,100 and P12,100 for the fourth and fifth years of the CBA, respectively.
Additionally, full-time faculty members will receive P10,000 signing bonus.
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