Bank unions opposed to excluding some officers cadre from wage talks

Image
IANS Chennai
Last Updated : May 12 2018 | 6:05 PM IST

Unions in the banking sector are opposed for a separate wage settlement for certain categories of officers or top management, said leaders of two major unions.

According to them, the Indian Banks' Association (IBA) want to have a separate wage settlement for officers in scale 4-7 and restricting the composite wage settlement for clerks and officers in the grade scale 1-3.

An officer in a nationalised bank who did not want to be named told IANS: "Officers in scale 4-7 are not members of unions. When they don't pay any subscription to the unions, why should the latter take up their cause."

However, All India Bank Officers' Confederation (AIBOC) General Secretary D.T.Franco told IANS that "the IBA wanted the wage revision discussion restricted to staff and officers in the scales 1-3. But the unions refused".

His All India Bank Employees' Association (AIBEA) counterpart C.H. Venkatachalam said: "The management want to fix variable pay for officers in the scale 4-7. But the officers unions are unitedly opposed to the division in their ranks. As in the past eight settlements, this time also the wage revision will be done on a composite basis."

Venkatachalam also told IANS that from 1979 onwards, the IBA has been negotiating with the unions for pay revision on a composite basis.

Franco also said it is not right to say officers in the scales 4-7 are not members of any union.

"In many banks, all the officers are members of unions. Only in some banks, some officers are not members of any union," he said.

He said in State Bank of India (SBI), all officers in the grade/scale 1-5 are members of union and in the other to scales - 6 and 7 - there is a mix of members and non-members.

--IANS

vj/vd

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 12 2018 | 5:58 PM IST

Next Story