Wednesday, August 5, 2009

IBA revised it's offer, strike is still on.

Late in the evening around 11-00 PM yesterday, IBA Chairman informed us they are ready to offer a revised package as under:

Wage revision may be offered at 17.5%;


New Pension scheme to be introduced for new employees;


PF optees may be given option to get the existing pension scheme provided Unions agree that the additional cost of pension should valued every year and the extra cost over and above 10% should be shared by the employees at 33% and management at 67%. Compassionate appointment scheme to be dealt with separately.

The IBA Chairman appealed to UFBU to accept this offer and withdraw the strike

During this late hour meeting with IBA Chairman, the UFBU while taking note that IBA is reversing the reduced offer, however felt that the changed offer on pension option is altogether a new proposal and in deviation of whatever we have discussed so far. It was also felt that the compassionate appointment scheme cannot be totally delinked from the issues.

Hence UFBU felt that the revised proposals cannot be accepted and our agitational programmes should be continued.

It was further decided that UFBU meeting be held in Chennai on 11th August, 2009 (instead of 9th ) to take stock of the situation and to decide further course of action.

Source : AIBEA

17 comments :

BALAN said...

WHAT MADE IBA TO REVISE THE OFFER WITHIN 12 HOURS. WHY THIS TOUGH BARGAINING GAME. WHATEVER THE UFBU IS ASKING IS NOT OUT OF THE WAY AND EVEN AFTER REVISION THEY WERE NO WHERE NEAR THE VI TH PAY COMMISSION SALARY. BECAUSE THEY ARE FIGHTING FOR TOO MANY ISSUES AT A TIME LIKE PENSION OPTION AND COMPASSIONATE APPOINTMENT ETC THEY ARE UNABLE TO ADOPT ,MUCH POSTURE WHICH IBAS /GOVT COMBINE WANTS TO ENCASH. IBA / GOVT CAN ACCEPT WHAT EVER ALREADY AGREED ON PENSION AND COMPASSIONATE SCHEME AND SETTLE IT WITH 17.5 % OFFER WITH APROMISE TO RELOOK THE ENTIRE ISSUE OF PARITY SEPARATELY

rahul said...

dear friends

this wage issue needs to be looked at afresh.UFBU/IBA should be relieved of thsi strenuous task of negotiation giving them peace of mind.
Instead there should be Bank Commission headed by a retired judge of supreme court for wages.
Unions should concentrate on welfare issues only.

venkat said...

I DONT KNOW WHAT TO SAY REGARDING THIS MATTER BUT I WILL STICK TO THE MATTER SAID AND DONE BY THE UNION AND I FULLY SUPPORT THE UNION IN ALL TIMES BUT TILL KNOW I AM NOT ABLE TO UNDERSTAND WHY THE UNIONS ARE TAKING SO MUCH TIME IN THIS MATTER THE MATTER IS GOING OUT OF HAND SINCE 2007 TO 2009 IMAGINE THE MATTER IS YET TO BE SLOVED I STAND WITH THE UNION TO SUPPORT THEM IN ALL THEIR DEMANDS MADE BY THEM 1.OPEN THE PAST CASE OF COMPASSIOANTE APPOINTMENT SINCE 1996.
2.PAY HIGH WAGE FROM 20 TO 25 WHY BEACUSE EVERY TIME U CANNOT GO FOR A STRIKE INCREASE IT AT THE FIRST TIME DO BE LEFT BACK BY THE IDEAS OF GOVT PEOPLE

CA Pawan said...

It is very shame to UFBU and its committee members that they seem like a begger before IBA and Finance Ministery. The whole government financial ativities are executed onl;y via banking industries. All the industries are fully dependent on banking industry even then banking industry is being kept set aside in comparision to other industry. let the govt and IBA do their own and announce for a indifine strike. other wise if you all members of the UFBU are filling so old and miserable against IBA and Finance ministry then resign from the committee and let some young member to handle the situation.we should not accept the pay hike less then 6th pay commission.

workplace bullying said...

The wage revision is a routine affair once in five years and never in the past IBA settled the issues in a friendly manner. IBA team was also beneficiaries of wage revision in the past and they have tasted wage revision course from time to time. The negotiation team should also insist on wage revision in a time frame of say six months from its due date or else the matter should be referred to a independent commission headed by a supreme court Judge.

Pension option is a decade old demand and should be considered as a life security measure of 3 lakh bank officers and their families. The government should look into the matter more sympathetically,

v v l narasimha rao said...

Unlike in so called advanced countries the banking industry led by the Public sector, is not affected due to recession. Entire country is applauding the fact. Are the bank officers not eligible at least a honourable wage increase which is due from Nov 2007. Attitude of IBA is condemnable

v v l narasimha rao said...

I am in the banking industry for the last 33 years. Never they got the wage revision in a platter. They struggled/agitated and to get. They were relegated to 39the position among the PSUs as far as wages are considered.

Definitely PSB officers deserve a better deal to compete with their counter parts in the private sector with which the comparison is made day in and day out.

mohan lal said...

Every bank employee/ official is really sorry for the inconvenience being caused to the Public/ loss to our economy on account of their going on strike for 2 days. We shall be glad and shall also re-examine our participation in the coming strikes/ indefinite strike, in case the Indian Banks Association/ Government of India declare/ publish the pay- scales of each category of employees proposed by them taking into account the proposed increase of 13% or 17.5% for different categories of staff along with the present scales of pay of Central Government / Private Sector Banks/ other Profitable Public Sector undertakings employees/ officials having parity/ comparable responsibilities/ risks and other such factors. They may also mention the position that prevailed in this respect at the time of previous pay commissions/ every ten year period for the last 30/ 40 years. In case there is a difference in other perks/ pension benefits of similarly placed officials, these may also be detailed. The Government has even so far failed to amend Payment of Gratuity Act increasing the limit from Rs. 3.50 Lacs to Rs. 10 Lacs. Surprisingly, officials retiring from the Banks still get gratuity of Rs. 3.50 Lacs, though the Central Government employees are getting upto Rs. 10 Lacs. There is a need for having some justifiable mechanism/ standing pay commission etc., so that no employee from any industry has to resort to Strike for getting his due. Incidentally, I understand that even after an increase of 17.5%, a newly recruited Bank Clerk will draw less than that of a newly recruited Central Government Peon. Do you consider it reasonable?

susan said...

The Public Sector Banks have played a significant role in the Country's progress. Even after 33 years as officer, bank employees have half the salary of a Central Govt employee or UGC professor. They also work much longer hours, are liable for greater transfers and have to bear a lot of Financial risks. The Government does not recognize us as a vote bank and so neglects us. Till recently few youngsters would opt for a PSB job and preferred BPO jobs. Even those who come now, because of the recession would soon leave as loyalty is a thing of the past.

Institutions like ISRO and private companies provide medical aid even after retirement. A bank employee looses everything except pension when he retires and even an officer's pension is less than that of a senior clerk in State Electricity Boards, Central Govt etc. That is after generating profits for the government.

The bank employee generally looses his health by the time he retires and is cast out like the sugarcane waste after the sap is extracted, by the Government

It is a shame.

susan

VISHAL said...

Why did this barganing comes only for 17.5 %. See everyone in state GOVT & Central Govt therir is 40 % hike. Even a primary teacher draws what an Officer in banks draws salary. for High school teacher it comes around 28 K. Why do UFBU decided it to 17.50 % Atleast there should be 20 % hike.

VISHAL said...

Why did this barganing comes only for 17.5 %. See everyone in state GOVT & Central Govt therir is 40 % hike. Even a primary teacher draws what an Officer in banks draws salary. for High school teacher it comes around 28 K. Why do UFBU decided it to 17.50 % Atleast there should be 20 % hike.

SR said...

Dear UFBU Ladders, what happend about the IBA offer after strike. Please let the members know what are you doing in the matter.

The Banks have already deducted salary for two days strike to compensate anticipated increase in wages.

If the Goverment/ IBA is not willing to finalise the matter, why do'nt you go for indefinite strike. Otherwise accept what is being offered by the Great IBA.

Arpana said...
This comment has been removed by a blog administrator.
Arpana said...
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Arpana said...

ufbu gone for strike after revising the offer by an iba and accepted the same ,what is ihis ? why we went on strike when we are going to accept the offer,it ratifies the height of cowardness of ufbu leaders,they think of their pocket only,nad now this juncture some of constituents have no time to participate in the meeting,because other things are more important for thm than salary revision.

Rahul said...

Dear Banker friends,
Your Union leaders are cheating you. They are a group of hawks who had grown with your sweat and blood and have never done any kind of work in the Bank and are enjoying their service life like feudal lords. Bank employees are bonded labourers, who have surrendered their right to demand from their employers minimum wages for survival to a group of selfish bourgeoisies who call themselves as Comrades.
A leader is a person who sacrifices himself for sake of his people. Look at your Union leaders, whether you have heard about any such sacrifices done by them. Instead, friends you have sacrificed your life for their existence and survival. Look at the past wage settlements, your Union leaders have taken two to three years to settle your wage hike with IBA for getting a meager 10 to 13 % increase. Whether you really need a Union for reaching a settlement for such meager hike, that too after negotiating for 36 long months! What should you call such Union leaders?, NPAs or White Elephants!. They deserve no better name than “Brutus”. Don’t forget that still you have paid (or rather extracted from you ? ) to the Union leaders from your salary arrears.
Now, when the entire employees in Banking industry are anxiously waiting for an expeditious Wage Settlement, our Union leaders talk about issues like Pension option, transfer policy, compassionate appointment and privatization and nothing on wage revision. The public statements issued by the Union leaders after their meetings with IBA focus largely on the above issues. This sheer act of gross irresponsibility, reminds the infamous quote of the Marie Antoinette - the wife of King Louis XVI of France: "Let them eat cake, then!".
The last Nationwide Strike for two days in August 2009, which put the entire Banking services into a standstill, called by Union was not withdrawn by them even though one day before the commencement of the strike IBA Chairman has offered a 17.5% hike. Now, when Unions are going to settle the wage hike for 17.5% in the forthcoming meeting on 25th Sept 2009 at Mumbai, why should these Union Leaders be left scot free for the economic loss caused to the nation due to the two days strike, apart from the two days’ salary sacrificed by the bank employees. Still, these shameless leaders will approach you sooner to extract their share from your salary arrears.

rexy said...

pension, salary hike, appointment on compassionate grounds. these r the only things being talked about in this settlement. banker friends, let us unite for a five day week in the banking industry. we r also human being, we do have our family.

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