Friday, August 7, 2009

Bank employees to call off strike today: Pranab. Rajya Sabha MPs favour Bank Employees.

PSU bank employees are expected to call off their strike today, Finance Minister Pranab Mukherjee told the Lok Sabha today.

"The bank strike is expected to be called off today. I am being told that talks are on between the bank associations and worker unions," he said replying to supplementaries during the Question Hour.

Banking operations across the country have been impacted severely with employees of public sector banks going on a two-day strike yesterday demanding wage revision.

Source : PTI

Rajya Sabha

Bank employees, who have gone on a two-day strike, today received support for their cause from several members in the Rajya Sabha, including those from the Congress, BJP and Left.

Raising the issue during Zero Hour, Tapan Kumar Sen (CPI-M) said 11 lakh bank employees have been forced to go on strike because of the "arrogant" attitude of the Indian Banks Association (IBA) and the government.

"It is most irresponsible and immature way of handling industrial relations," Sen said.

Ram Chandra Khuntia (Congress) said nationalised banks were earning huge profit of Rs 67,000 crore against which the additional outgo on account of increased wages would be only Rs 5,000 crore.

Banks employees are paid less than other public sector organisations, he said, demanding immediate intervention of the government.

Bank employees are on strike since yesterday in protest against IBA allegedly going back on an assurance of 17.9 per cent wage hike and offering compassionate appointments.

R C Singh (CPI) said banks were in a position to pay higher salary without depending on the government.

In his special mention, Prakash Javadekar (BJP) said the issue of wage revision for bank employees must be resolved.

"Sudden change in stand (by IBA) is highly provocative," he said.

Source : Business Standard.


BALAN said...


The strike call by the bank employees and officers is the full creation of the IBA /Government combine. After successive failure of talks after withdrawal of the strike actions during the past they left with no other alternative but for getting the strike plan materialized. After bringing down the salary of the officers during 1979 on par with the govt officers citing equal work equal pay principle, the same govt increased the salary of their employees multifold by successive pay commissions, Good attempt. They are denying the same to bank employees. The public sector salaries also were raised. For every area they are matching the salary as per VI the pay commission. Bank employees were categorized neither as govt employees nor as public sector employees. If govt employee means, they should get scales as per VI th pay commission. If public sector mean they should draw more than that. Since the unions /associations lost a good chance of bargaining before elections by hearing the false assurances of the govt/iba without strike action, they are at the disadvantage position. When commissions are appointed and their hefty recommendations are simply accepted by the cabinet knowing fully well that it will cause a huge deficit what is the reason for standing in the way of bank men salaries that are payable out of the profit generated. Even after the revision they are not going to be even near to the VI th pay commission levels. God alone will save them, as the government is not looking the demands on a scientific manner. Financial sector employees are the best paid in every nation for obvious reason, When attracting talent, retaining the talent is applicable for Government, public sector undertakings/IIMS/IITS will it not be applicable for financial sector. Recruits of 1970s and 1980s started retiring and the huge vacancies are to be filled up by people with good talent for which attractive compensation packages are a must. Government should take a practical approach and settle the issue with much liberal package then what the unions are asking for in the interest of the nation. The same is applicable for wage negotiations to be followed by LIC RBI ETC.

K Balasubramanian Chennai

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