aibea wage revision

Thursday, September 24, 2009

Breakthrough in Talks - IBA Improves offer, Further talks shortly - UFBU defers strike

To our demand for a minimum increase of 20% in the wage bill, IBA was willing to improve their offer from 15% to 17% subject to approval by Managing Committee. UFBU wanted IBA to further improve their offer to 20%.

Reports bankunionaibea.org site

Previous update Banking News - June 09, 2009 IBA calls meet with unions to preempt June 12 strike, BUSINESS STANDARD, Anindita Dey / Mumbai June 09, 2009,
After the failure of talks with the chief labour commissioner, the Indian Banks’ Association (IBA) has called for a meeting of all bank unions under the United Forum of Bank Unions for further negotiations on wage revision and to persuade the employees to withdraw their planned June 12 strike.
Officials said the IBA had three major agendas to discuss, the most important being to
persuade the unions to accept the new pension scheme, otherwise known as the contributory
pension scheme, for new bank employees. Currently, the bank unions are vehemently opposing it since unions of no other sector has accepted it to date.
the amount of wage revision. The employees are demanding a 20 per cent hike in their
salary as opposed to IBA’s 15 per cent raise.

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  1. Anonymous

    UFBU & bank associations walo ko chiye ki indefinite time k liye strike kero..aur 30% hike lo..uske bina koi compromise nahi..otherwise young bankers mai se bhi koi settlement mai shamil kerna chiye..phir dekhte hai ki jeet kiski hoti hai...definietely truth ki

  2. Anonymous

    yes prices of essential commodities have shooten so has the work load on bankers,present salary do not justify

  3. Anonymous

    With Vth VI th pay commission salary of Group A officers of Central Govt zoomed past the bank officers.The negotiating team on behalf of Bank's employee should ensure that Pillai committee recomendation is implemented and the salry gap is not only reduced but brought at par.

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