Bank Wage Revision : Are the Unions leaders in backfoot ?

Still there is no news about the next date of talks with IBA as it appears IBA wants to wear out these retired union leaders who are not in touch with the mood of the general employees and officers. IBA is trying that by delaying the next around of talks to the maximum extent possible they will frustrate these leaders who will be forced to sign on dotted lines. Union leaders are not at a bargaining advantage at this stage, as they have failed to get an honourable settlement at appropriate time due to their own politics.
The best time to get a reasonable settlement was around November 2007, when the new settlement had become due. At that time communists shared power with the government (most of bank unions are affiliated with communist parties) and elections were around the corner. Central Government employees were able to extract the maximum by hitting at the right time.
It is surprising that Bankers are frequently asked by Communists to go on strike on issues which are their personal agendas and not wage settlement or improvement in working conditions of the employees. They ask Bank union leaders to go on strike on petty issues which are related purely to their politics. However, we have never heard any communist leader either on TV or newspaper, wherein they come openly to support an honourable settlement for bank employees or ask for All India strike in favour of bank employees.
Do you remember when did the last time any communist leader (like Somnath Chatterjee, Karat Parkash , SitaRam Yechury) has given any statement in favour of bank employees or taken up this cause with Finance Minister or Prime Minister or spoken about the same in Parliament? Do you remember any contribution of communist leaders for better pay for bank employees when they shared power for over four years with Congress Government? Did they ever made any strong (we are not even aware of weak) speech in Lok Sabha or Rajya Sabha in favour of pay parity of bank employees with Central Government employees? Answer to all these are in negative. However, all these MPs ensued that their salaries and perks are increased manifold.
However, sensing the mood of the bankers, unions are now desperately trying to face save themselves and issue statements as if negotiations are going on with IBA. Therefore, they meet among themselves issue statements giving impressions to gullible bankers as if matters are under strong discussions with IBA. It is heard that a meeting of the UFBU was held on 4/11/2009, at Chennai. Com P S Pillai (President, BEFI) presided over the meeting. The following decisions were taken by UFBU:The meeting took note of the negative approach of the Government in relation to the revised scheme of compassionate ground appointment / financial compensation to the family of the employees dying in harness and felt that the scheme as discussed and finalized between UFBU and IBA should be got expedited.In respect of condition of the IBA that the entire cost of pension arising out of the wage revision to be adjusted from the proposed wage revision and that in the next settlement again another actuarial valuation should be carried out and the gap should be funded by employees sharing the same, after detailed discussions, the UFBU while rejecting the above conditions, expressed its view that the additional pension cost can be adjusted by sharing a portion of the same as was done in the 7th and 8th bipartite wage revision.In respect of IBA’s condition that a new contributory pension scheme should be accepted by the unions from 1-4-2010 as a pre-condition for extending one more option for pension scheme, the UFBU felt that a mutually acceptable solution should be worked out to resolve the same as unilateral imposition of such conditions are not acceptable.In respect of IBA’s suggestion for introduction of the concept of fixed pay and variable pay for bank employees / officers, UFBU decided not to accept the proposal.Based on the above, the meeting decided to pursue the issues with the IBA during the next round of talks to be held shortly and to expedite the conclusions as early as possible.
No union leader has the courage to respond to the numerous queries of the bankers who are anxiously waiting for honourable settlement.

(These analysis is made by a bank employee, debates are welcome in this issue. Publisher of this blog is neither in favour nor against of the opinion)