IBA to talk with bank unions' federation on wage revision

The Indian Banks' Association (IBA) has agreed to hold talks with United Forum of Banks Unions (UFBU) on wage revision by January 17, General secretary of the All Bank Employees' Association (AIBEA) General Secretary C H Venkatchalam said today.

"In today's conciliation meeting, the Chief Labour Commissioner advised the IBA to call unions for talks immediately and conduct meetings fortnightly on a regular basis to finalise wage revision at the earliest," he said here.

AIBEA, a constituent of the the UFBU, which represents 10 lakh bank employees of public sector banks, private sector banks as well as foreign banks.

A wage revision has been due since November 2012, he said, adding that the IBA had offered to hold the meeting on January 17.

"The UFBU would attend the meeting with open mind," he said.

Decision on any strike action would depend on the outcome of the meeting with IBA on January 17, he said.

Earlier, the UFBU had given a call for a two-days nationwide bank strike on January 20 and January 21.

image
Business Standard
177 22
Business Standard

IBA to talk with bank unions' federation on wage revision

Press Trust of India  |  Vadodara 

The Indian Banks' Association (IBA) has agreed to hold talks with United Forum of Banks Unions (UFBU) on wage revision by January 17, General secretary of the All Bank Employees' Association (AIBEA) General Secretary C H Venkatchalam said today.

"In today's conciliation meeting, the Chief Labour Commissioner advised the IBA to call unions for talks immediately and conduct meetings fortnightly on a regular basis to finalise wage revision at the earliest," he said here.



AIBEA, a constituent of the the UFBU, which represents 10 lakh bank employees of public sector banks, private sector banks as well as foreign banks.

A wage revision has been due since November 2012, he said, adding that the IBA had offered to hold the meeting on January 17.

"The UFBU would attend the meeting with open mind," he said.

Decision on any strike action would depend on the outcome of the meeting with IBA on January 17, he said.

Earlier, the UFBU had given a call for a two-days nationwide bank strike on January 20 and January 21.

RECOMMENDED FOR YOU

IBA to talk with bank unions' federation on wage revision

The Indian Banks' Association (IBA) has agreed to hold talks with United Forum of Banks Unions (UFBU) on wage revision by January 17, General secretary of the All India Bank Employees' Association (AIBEA) General Secretary C H Venkatchalam said today. "In today's conciliation meeting, the Chief Labour Commissioner advised the IBA to call unions for talks immediately and conduct meetings fortnightly on a regular basis to finalise wage revision at the earliest," he said here. AIBEA, a constituent of the the UFBU, which represents 10 lakh bank employees of public sector banks, private sector banks as well as foreign banks. A wage revision has been due since November 2012, he said, adding that the IBA had offered to hold the meeting on January 17. "The UFBU would attend the meeting with open mind," he said. Decision on any strike action would depend on the outcome of the meeting with IBA on January 17, he said. Earlier, the UFBU had given a call for a two-days nationwide bank strike ... The Indian Banks' Association (IBA) has agreed to hold talks with United Forum of Banks Unions (UFBU) on wage revision by January 17, General secretary of the All Bank Employees' Association (AIBEA) General Secretary C H Venkatchalam said today.

"In today's conciliation meeting, the Chief Labour Commissioner advised the IBA to call unions for talks immediately and conduct meetings fortnightly on a regular basis to finalise wage revision at the earliest," he said here.

AIBEA, a constituent of the the UFBU, which represents 10 lakh bank employees of public sector banks, private sector banks as well as foreign banks.

A wage revision has been due since November 2012, he said, adding that the IBA had offered to hold the meeting on January 17.

"The UFBU would attend the meeting with open mind," he said.

Decision on any strike action would depend on the outcome of the meeting with IBA on January 17, he said.

Earlier, the UFBU had given a call for a two-days nationwide bank strike on January 20 and January 21.
image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard