Apex banking lobby Indian Banks Association (IBA)
today offered to increase the wages of over three dozen bank employees
by six percent, compared with the two percent hike offered earlier, bank unions said today.
However, unions, under the banner of United Forum of Bank Unions (UFBU), rejected the offer again, but said they are open for further
negotiations.
"IBA improved the offer from two percent to six percent. UFBU has
rejected the offer but have agreed to continue to negotiate," UFBU
convener for Maharashtra, Devidas Tuljapurkar, said after the 13th round
of wage negotiations with IBA today. He said bank unions are demanding a 25 percent hike and the IBA has
agreed to have fresh discussions on the issue by the end of August.
Close to 37 banks, including public, private and foreign banks, have
mandated the IBA to decide on wage hikes for their employees. The current wage revision is due from November 2017, after the 10th Bipartite Settlement ended in October 2017.
In the 10th Bipartite wage settlement, which was signed in May 2015,
for the period between November 2012 and October 2017, the IBA had
offered a 15 percent hike.
In the May 5 round of negotiations, the IBA had offered a meagre 2
percent wage hike. Banks unions did not accept the offer and went on a
two-day strike starting May 30. Banks' management had justified the nominal hike citing huge losses incurred by in the past few quarters.
However, bank unions said the fall in profit are on account of
higher provisioning towards non-performing assets and the employees are
not responsible for that. They also said that employees have been tirelessly working towards
implementing various government schemes such as Jan Dhan,
demonetisation, Mudra and Atal Pension Yojana, among others.
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UNIONS SHOULD/MUS COMPELL IBA & GOVT.TO ACCEPT PENSION UPDATION,it is not going to load burden of on Bank & govt.as it is to be paid from
ReplyDeletepension funds which earns a huge interest income of nearly 20k cr./p.a. against total pension payment of 7000 crores.eventbough why this simple fact banks & govt. dn't undestand and approve pension updation pending since long.Don't they understand, nobody is permanent,and has to retir after 60 years.
Unions must take up issue of pension updation with wage revision in negotiation of 10th B.P.S. Its a wellknown fact that the enhanced pension burden will not be on Banks' profitability or to Govt.'s exchequer as it is to be paid fom huge pension funds, which generates annual interest income of 20,000crores against total pension disbursment of only 7000 crores. Eventhough why the legitmate right of basic pension updation to retirees has been kept lingering and untouched.as all present employees of banks or govt. officials are NOT going to retire afte 60 yrs of superannuation.? In short, its an appeal to all negotiating parties to take up ths isdue alngeith your other demands.
ReplyDeletePension updation should be at par as center govt pensioners revision from time to time. It should not be completed by govt and IBA
ReplyDelete