Friday, January 17, 2014

IBA improves pay hike offer, Bank strike deferred

Next bipartite talk on 27th January 2014
In today's meeting IBA improved their initial offer from 5% to 9.5% i.e. 3000 crores on payslip cost and to hold next round of talks on 27th Jan. 2014 to view of this UFBU decides to defer the proposed strike on 20th and 21st Jan. 2014.

Submitted by Mr. Mohan.P
Some details as per media report
The United Forum of Bank Unions (UFBU) has deferred the January 20th and 21st nationwide strike, as the Indian Banks Association (IBA) improved its initial offer and came forward to expedite the wage settlement for bank employees and officers.
A decision to this effect was taken at the talks held between IBA and the representatives of various employees' unions in Mumbai on Friday.
All India Bank Employees Association, general secretary, C.H. Venkatachalam said that IBA increased its initial offer from five per cent to 9.5 per cent on pay slip cost and to hold next round of talks on January 27 in Mumbai. In view of the development, UFBU has decided to defer the 48-hour nation wide strike.
“We are satisfied with the outcome. IBA has agreed to complete the whole process of negotiations by June 2014. Therefore, all the programmes such as rallies, demonstrations, protests and strike till January 27 has been deferred,” he said.
It may be noted that wage revision settlement in the banks is due from November 2012 and UFBU submitted the charter of demands in October 2012. Citing a substantial increase in workload due to increase in volume of business, the striking employees have been demanding a wage revision and immediate settlement of it without any delay.
In its reply, IBA said that Banks were under stress due to provisions for bad loans and increase in cost of pension. Banks cannot afford to give higher wage revision and hence offered an increase of Rs.1,575 crore (five per cent on the pay slip components of the total wage bill). However, it was rejected by UFBU stating it was totally inadequate.

8 comments :

Anonymous said...

General Elections in May , Bipartite Settlement in June. Are the unions in a mood for comedy

Deepak Goyal said...

This improvement may lead the UFBU's thought of 30% hike in danger.

Arun Chaudharry said...

its not a comedy or nothing in danger..........only these people are trying to make us workloaded ass slaves.......bcoz these people are getting much better salaries than a clerk. only 14K per month........

Anonymous said...

Sab buddhu ban gaya...After election a fused bomb...

Anonymous said...

it happens only in banks.

Anonymous said...

Ye drama June 2015 tak chalega ....

Anonymous said...

Ticket Booking……..Bank
Tax payment……….Bank
Loans………………….Bank
ATM/Debit Cards……Bank
Credit Cards…………Bank
Online Purchasing….Bank
I-Banking……………..Bank
Fee deposits…………Bank
Salary A/C.…………Bank
PAN Card request….Bank
Main Govt A/c………Bank
Govt Schemes……….Bank
Demat A/C…………Bank
RTGS………………..Bank
NEFT……………..Bank
Insurance facilities…..Bank
Medical insurance…….Bank
Mutual Fund…………….Bank
AADHAR Card………..Bank
Gas connection……..Bank

SALARY REVISION ??????
Forget yaar this issue doesn’t come into the ambit of BANKS.
SALARY HIKE reserved for_____
MPs
Govt Bodies…..Central or State
Schools……etc
We are made for only work & work not for any demands………….THINK WHERE WE ARE HEADING.......

LAKSHMINARAYANA PEDDAHULTHI said...

only god knows why our union leaders are "very eager" to "compromise" to settle at meagre 17 % increase as far as news until now received. Only God can save the Bank employees from the menacing inflation day by day

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