Tuesday, June 9, 2009

Bank Wage Hike :After talk with IBA, Strike call for 12TH JUNE 2009 deferred.

INDIAN BANKS ASSOCIATION (IBA) invited the unions of UFBU for a meeting today at 10.30 AM on the issue relating to Strike Call on 12.06.2009.

Explaining the stand of IBA, IBA Negotiating Committee Chairman, Shri M V Nair, Chairman & Managing Director, Union Bank of India, stated that IBA would like to expedite the wage talks and related issues. It is from UFBU, it was placed to the IBA that UFBU is not agreed to the New Pension Scheme (NPS) for the new recruits. We wanted the issue to be open for discussion after expiry of the present settlement, i.e., 31.10.2012 whereas IBA wanted 31.03.2010 as the cut-off for NPS. IBA said they would discuss and come back.

In respect of Compassionate appointment, IBA assured that they will talk to the Government and get the needful done.

On wages, UFBU placed its minimum demand of 20+% on wage rise. In that event, UFBU are agreeable to contribute Rs 1800 Crore for pension contribution.

After discussion, IBA has agreed to call the UFBU within a week and assured expeditious steps to clinch the wage revision issue.

In view of the positive nature of discussion, UFBU met after the discussion and decided to defer the strike on 12th June 2009 and await the outcome of the talks next week.

Source : ALL INDIA BANK OFFICERS' ASSOCIATION


Some more details about 9th June's talk.

The year-long argument between PSU banks and the employee unions looks like it’s finally come to an end. As a first step, the employee union has deferred the strike, which was scheduled earlier on June 12. The two parties have also almost agreed on the main issues like wage revision and pension regulations. The employee’s union has accepted that the old pension has to come to an end and proposed that employees who joined the banking industry after October 2007 should come under the new scheme. The Indian Banks' Association (IBA) wants those employees who have come after March 31, 2010 should come under the new scheme.

The two parties have still not come on an agreement on what their new pension schemes should be. The Union definitely does not agree on bringing new employees under the new pension scheme. They are still figuring out on what pension scheme the employees should come under.

On the second issue of wage revision, the employees are asking for 20% hike in wages. Whereas, the IBA, the body of banking industry, is asking for a 15% hike. Sources in the IBA tell us that the hike could be anywhere between 15-20% or so.

The other issue was on pension liabilities. The two parties have agreed to a pension sharing agreement with the employees agreeing to share pension liabilities worth Rs 1,800 crore and bankers agreeing to share around Rs 4,200 crore.

So these are the three main issues that the two parties have kind of agreed upon.

These issues will be discussed in tomorrow’s meeting with the Finance Minister and sources in the IBA inform us that a likely resolution of the negotiation is likely probably next week.


Source : As discussed in CNBC TV 18

18 comments :

sarankhanna said...

sir, heartly congratulations!in my opinion a hike of 20% is not enough in comparision to the hike of central/state govt. in fact IBA should also compare the workload/risk in deciding the wage hike.

adhitya said...

What is this ??? Its clear befooling of Bank's Staff by their union representatives. These so called BROKERS had just harmed bank staff, who has ruined their personal life for bank only. And got such a pity award for all their hard work.
People demand better service from Bank staff but just let me know how can a banker who is suffering at its own can give better service?
From 40 percent these UFBU monkeys has lowered demand to 20% - shame on them.. They are no more supposed to represent us and to do enjoy on our union fees.
Friends wake up- u are now least paid workers in the world who are supposed to work extra time so that they can earn salary for highy paid one..
No doubt now if our bank become the hub for corruption.
Lets send our views to Ministry Of Finance and Labour. So that these guys who have won because of our votes should know our own views.. not of these UFSU MONKEYS..

amar said...

Strike should not be called off.It should be for minimum 15 daysin the days of closing to wake up the govt.

amit said...

its realy very heart breaking end of broking story of our own representatives, most of them are retired of their services and enjoying the luxury provided by us (fools) who are relying on them to help us feeding our families in a manner that is respectable.

but now our story will be

we have to select such a school for our childrens which have lowest fee structure irrespective of education provided.

we have to spare extra time especially in the evening to go to the vegetable/fruit market to find low cost eatables so that we can save a penny at the end of the day.

we will keep opening the saving/ deposit account of other govt. servants while dreaming that if i can have such a saving in my whole banking life.

need to act now before this settlement takes the final shape

steps to be taken by our fellow bankers to avoid such a blunder again
1> stop paying union fee for the luxury of ufbf brokers.
2> unite your staff to act decisively now
3> start a movement under one banner to crush this bloody system of settlement.
4> show your resentment wherever you can show.

vasudevan said...

ANY ONE FROM MUMBAI START A UNION FOR ALL BANK EMPLOYEES' IRRESPECTIVE OF CLERK/OFFICER.

WE SHOULD NOT AFFILIATE TO ANY POLITICAL PARTY. WHEN SBI AND IOB STAFF TAKE EXTRA PENNY AFTER EACH BIPARTITE SETTLEMENT WHY NOT ALL OTHER BANK EMPLOYEES!

ZINDABAD FOR NEW UNION FOR BANK WORKERS UNITY.

ALLOW UFBU OFFICER BEARS TO TAKE REST AFTER THEIR RETIREMENT. EXISTING STAFF FIGHT FOR OUR CAUSE.

ZINDABAD.
VASUDEVAN S

SR said...

Did you remember the name of any clerck of the Bank left for better job in any other organisation. Probably no. Only officers are leaving the PSU Bank jobs. Why ?
Because the compansation package and nature of job with the risk involved is much different from those of a clercks job . Still the wage negotiation is common and is in the hands of staff union leaders. The foolish officers union is just following up.

These officers union leaders are enjoing their life on the contribution being paid by us and again they will demand a hefty levy in the name of wage settlement.

Please.............. do not part with any penny for these fools in the name of wage revision levy. Further, you may save by not paying any monthly levy to these officers unions. Let the wage structure be decided by pay commission, as in case of other PSUs. That will be better than following the award union decisions.

adhitya said...

Friends lets start a war against these monkeys of UFBU .Do one thing each of us will send his views especially those posted at this site to UFBU at aiboa@vsnl.net
and to ministry of Labour at laborweb@nic.in and also send the same to Finace Minister at pkm@sansad.nic.in also to news papers.
Friends we are in democratic country and we cannt give our future in the hands of these careless self styled mean UFBU Monkeys who have nothing to do with the Bank Staff which they are representing.
Do u know what these Union people do with our hard earned Money? Do they ever bothered to give us the detail how they spent it.
They dont know how bank staff is languishing in branches doing work even beyond working hours sacrifising their personal life. Because these guys never do work at branches they have only work of making themselves comfortable by getting good postings..
So friends just come on and send these views to all of ur friends and our Ministers.

anantharaman said...

In post retirement period many Bankers who were honest andlaw biding are suffering especially when inflationary conditions, reduced interestetc. deny their decent return on investments.No oneworries about them.Many are silent sufferers, not to speak of
those with health problems and opther commitments.

C N Venugopalan said...

Unions do not bother about anybody. The directors one representint the workers and the other representing the officers sit and sleep in the boards of banks enjoying the privilege. Unions have no commitment to the retired who have contributed till the end of their service to them. All are driven to Courts to fight their cases individually. Take the case of pension. The school of thought that advocated Pension initially were particular to see that the rest never get it again. The others maintained the view that they were still right and propagated the message . Two were going like divergent lines that would never meet. It is my work that brought both together to achieve the same. You go through the message I received today by e-mail and judge who has accomplished the matter.

Vachharajani" mayurvachharajani@yahoo.com
Add sender to Contacts
To:
venugopal201150@yahoo.co.in
dear venugopal.
i sincerly thanks for your mail on pension.
it is you and only you who has put all his efforts to fight cause of officers for third option for pension.
god bless you.

m.c.vchharajani
mumbai retired as agm from central bank on 30th june 2004 without pension

ceeyenvee@gmail.com

Ramachandra said...

I am still not clear whether the pesnion option will be given again for those who have retired! Is there any date proposed/finalized regarding the cut of date for pension option? Are those VRS/ retired persons get option to switch to pension? I feel they deserve it and should get an option! Hope union leaders take their concern while negotiating.

skp_jkb said...

Pleas give every bank employee a bowl to beg along with permission to go for begging so that they can provide their families basic necessities. Because after this wage revision they are going to have much lower salaries as compared to govt. employees.

C N Venugopalan said...

Pension Option has to necessarily cover all the retired employees too. Those who left before commissioning of the Pension Scheme ( retired on or after 01 01 1986) are covered under it. Recruits after 1995 are also given coverage.How can banks deny the benefit to a segment only who retired in the intervening period. The mode of exit VRS or otherwise is not material. It is the length of service that matters. If IBA act imprudently once again, things will once again get precipitated and courts will get flooded with cases. Those who want to take further styeps can contact me 0484 2447994/09447747994 C N Venugopalan Ex-Manager, Nandanam, Kesari Junction N Paravoor - 683 513

wage said...

An Appeal
An appeal is made to all serving pension optee to unite & get prepared to file a writ against the pension load factor & present wage settlement. We ( present employees who are pension optee) should not share pension load at any cost. Those retired in 1996 or onwards and now want to opt for pension must share the total burden. (They don’t even deserve to get 2nd option for pension because CPF was there conscious decision ) We are not at fault they had taken decision to opt for CPF. They are increasing the load & as a result of which there is no compatible wage revision.
Our one step forward will save our future & dignity in the banking.
Let us unite and file a writ. Let us come forward .
write at : pensionoptee@gmail.com

SANJEEV said...

SIR,
I THINK THAT THE BANK EMPLOYEES SHOULD HOLD A REFERENDUM FOR SCRAPPING THE WAGE SETTLEMENT IN FAVOUR OF A PAY COMMISSION. WE SHOULD LEAVE THE ISSUE OF WAGE SETTLEMENT TO THE GOVT IN WHICH CASE THE RIGHTS OF EMPLOYEES WILL BE BETTER PROTECTED RATHER THAN LEAVING OUR FATE IN THE HANDS OF CORRUPT UNIONS WHO ARE ONLY INTERESTED IN COLLECTING FUNDS IN THE NAME OF SUBSCRIPTIONS, LEVY, COLLECTIONS FROM CUSTOMERS IN THE NAME OF SOUVENIR ISSUE ETC.

THE ASKING OF LEVY IS AKIN TO A BROKER ASKING FOR HIS COMMISSION FOR DOING A JOB. IT IS A SHAME FOR THE BANK EMPLOYEES WHO CLAIM TO BE AN EDUCATED CLASS TO PAY SUCH LEVY. WE ALL SHOULD BOYCOTT IT.

chandan said...

THE MINUTES OF UFBU & IBA MUST BE LIFE TELECAST FOR BANK EMPLOYEES AS DONE FOR PUBLIC IN CASE OF PARLIAMENT PROCEEDINGS. LET THE MEMBERS TO BE AWARE OF DETAILS IMMEDIATELY.

Mitul said...

Absolutely Correct Sanjeev...its the time for the Bankers to take some step...other wise it will be late again...just come forward against the cheaters(UFBU Leaders)...and take some positive step to get the Right and respectful life for all the Bankers from Government directly...
ALL The Very BEST...
...MANJIL UNHI KO MILTI HAI JINKE SAPNO MEI JAAN HOTI HAI...PANKHO SE KUCH NAHI HOTA HAUSALO SE UDAAN HOTI HAI...

SANJEEV said...

THANKS..MITUL. I ALWAYS JOKINGLY REFER TO LEVY COLLECTION BY THE UNIONS AS 'LAGAAN' BECAUSE THE ZAMINDARS COLLECTED LAGAAN FROM THE POOR FARMERS TO LET THEM WORK AND THESE UNIONS DEMAND THEIR POUND OF FLESH FROM US FOR LETTING US WORK IN THE BANK. THESE 'ZAMINDARS'(UNION LEADERS) APPOINT HENCHMEN (BRANCH SECYS) TO FORCIBLY COLLECT LEVY.

SHAME ON ALL OF US WHO GIVE LEVY.

chandan said...

Once the wage is settled the workers are required to dole out a levy i.e. a percentage of the arrears of their revised wages to their trade unions which they belong. Obviously you understand the trick, more the delay in wage revision, more the amount of arrears so bigger the amount of levies! Surprised! But this is the norm of wage negotiations and despite of deep resentment amongst the workers (whose voices are always suppressed) for the delay and the undue levy, the practice is on ever since bipartite wage negotiation between Indian Banker’s Association and several trade-unions.

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