Saturday, November 13, 2021

RBI employees on warpath for wage settlement

 

RBI staff wages are decided through a bipartite settlement once in five years through negotiations between management and employee unions. The current round of wage revision is pending since November 2017.

The United Forum of Reserve Bank officers and employees has threatened to go for mass agitation seeking urgent resolution of wage settlement issue. The agitation plans include mass casual leave for all staff coming under current wage settlements on November 30, 2021.

"Our patience is wearing thin, you will please appreciate. Our members are very restive and are in highly agitated mood," said the United Forum office bearers in a letter to RBI Governor Shaktikanta Das on November 12.

"We, as their accredited representatives, are therefore, constrained to call upon our members to mobilize themselves and express their grievances appropriately, in organized and disciplined manner, including cessation of work through Mass Casual Leave, which we sincerely tried to avoid but an inordinate delay on Bank’s part on such a very sensitive matter compels us," the letter said

RBI staff wages are decided through a bipartite settlement once in five years through negotiations between management and employee unions. The current round of wage revision is pending since November 2017. The RBI has different unions for lower-level employees (mainly class 3 and 4 employees) and officers.

The wage settlement applies to all central bank staff although officers typically get slightly higher revision compared with lower-level employees. The Indian central bank has around 12,500-13,000 employees.

According to the union, the representatives of AIRBEA (All India Reserve Bank Employees Association) were asked to come to Mumbai for a physical meeting with RBI’s negotiating team on September 22, 2021 in presence of Executive Director in-charge of Administration.

Accordingly, AIRBEA invited its leaders from various centres to Mumbai. However, on September 24, 2021, though the AIRBEA representatives waited for the whole day for RBI's draft settlement which did not come, the Union officials said. “In the evening we were informed by the HRMD (Human Resource Management Department) officials that because of some constraints, Bank was not enabled to give us the draft and we were asked to come on Monday, the 27th September, 2021,” the officials said, adding due to this, about twenty-five AIRBEA representatives had to prolong their stay in Mumbai in anticipation of the draft.

Source : Money Control

All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.

Blog Archive