Bank unions defer strike on fruitful talks with IBA
BS Reporter / Mumbai Jun 09, 2009, 17:01 IST
United Forum of Bank Unions (UFBU) today deferred the proposed strike on June 12 following fruitful discussions held between Indian Bank Association (IBA) and UFBU today.
Arising out of the discussions, the following positions have emerged. The precondition that the unions should agree for new pension scheme to be made applicable to the new recruits would not be insisted upon, UFBU convener C H Venkatchalam said in statement.
IBA stated that the existing pension scheme will continue to be applicable to all new recruits up to 31 March 2010, but UFBU stated that this should be extended up to 31 October 2012, and matter should be reviewed thereafter. The issue will be further discussed.
In view of the breakthrough in the pre-conditions and the willingness of the IBA to finalise our demands with a positive approach within a short time, UFBU decided to defer our proposed strike on 12 June 2009.
Both parties have agreed to meet again very shortly to finalise the understandings on our demands.
Unions expect to conclude negotiations in this month itself, Venkatachalam told Business Standard.
Regarding sharing of additional pension cost, forum said, IBA and bank unions have agreed that banks would take a share of Rs 4,200 crore and employees /officers at Rs 1,800 crore.
There was some movement forward on hike in wage bill also. UFBU said
IBA was willing to improve their offer from 15 per cent to 17 per cent subject to approval by Managing Committee of association. UFBU wanted IBA to further improve their offer to 20 per cent.
The rise in wage bill is expected to be Rs 4,700-4,800 crore if the hike around 17 per cent.
Demand of UFBU for 20% hike is totally justified. Our Friends are lossing sight that bankers get wage revision every 5 years were as CentralPaycommission is set up every 10 Years. Bankers get DA increase every quarter where as Central govt employees get it half yearly. The service conditions of Bankmen are far far better than other govt employees even better than employees working in sililiar job profiles like PO., etc., My appeal to UFBU is to sign the agreement for salary revision, 2nd option of pension for all PF Optee retirees and in service PF optees , compassionate appointments. My Best wishes to UFBU Leaders and strength of Bankmen.
compare to central, state, public sector undertaking revisions, bank employees really beggers, since they demand hike of 17% despite the huge profit earned by banking sector,
bank employyes are not beggars to get 17 % increase
hell with ufbu,
they killed all of bank staff
nothin less than 30 % is worth a settlement
only god knows , what these leaders got in private ?
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