Bank Strike: Bank staff threaten to intensify stir in July, August
The
United Forum of Bank Unions(UFBU) on Tuesday threatened to intensify their stir in
July and August against the 'meagre' two per cent salary hike, officials said. The bank employees had observed a two-day strike on
May 30 and 31 against the hike.
The United Federation of Bank Unions, the
umbrella organisation of nine bank unions, met here and congratulated the staff
for observing the two-day strike, general secretary of the federation CH
Venkatachalam said.
"It has been decided to further
continue the struggle with more strikes. Having regard to the need for an
amicable solution, it was decided to meet the higher authorities in the
government and the banks", he told PTI.
"However,
if no solution is forthcoming in these meetings, the United Forum of Bank
Unions will proceed and announce more agitations", he said. Meanwhile, a report from Tirupathi
quoted senior vice-president of the National Confederation of Bank Employees,
VVSR Sarma as saying that the bank staff would
intensify the stir in a phased manner in July and August to press for their
demands.
"Prior to intensifying our agitation, United Forum of Bank Unions decided
to submit a memorandum on the wage hike issue and other banking developmental
issues to finance minister Arun Jaitley by this month-end," he said.
Source- Times of India
DA increased for Bankers from Feb,2018 to Apr,2018
D.A. 527 slabs payable during the quarter February,2018 to April,2018
SBI reduces employee base by 10,500 from Apr-Sep; 5,000 more to retire by March
Country’s largest bank State Bank ofIndia (SBI) has reduced its total employee strength by 10,584
in the six months period after its merger. This is further expected to go down
by 4,876 people by the end of the year closing March 2018, as targeted by the
bank.
The staff
strength has come down to 2,69,219 staff as on September 2017 compared to
2,79,803 as on March 2017.
YES Bank cuts staff by almost 2,500, cites redundancies
Private lender YES Bank has gone in for "rationalisation" of workforce to address certain "redundancies", the company has said.
According to reports, the bank has reduced its workforce by nearly 2,500 on account of digitisation and automation.Although YES Bank did not put a specific number, it said digital transformation has created certain redundancies requiring rationalisation of workforce.
Some jobs may go missing from banks in the next few years
Remember the good old bank clerk who used to update your pass book? The fact that he is hardly seen these days explains banking industry's biggest predicament -- Automation.
On Wednesday, Vikram Pandit, who ran Citigroup during the financial crisis, endorsed this predicament with a disturbing figure. Pandit said developments in technology could see some 30 per cent of banking jobs disappearing in the next five years.
Bank staff to take out morcha to Parliament on 15th Sept., meet PM
Thousands of bank employees and officers are expected to participate in the Morcha to Parliament on Friday, said C.H. Venkatachalam, General Secretary, All-India Bank Employees’ Association.
“We propose to meet the Prime Minister and submit a memorandum to him on these issues,” Vekatachalam said. “Our demand is save banks, save economy, save nation, and save people.”
SBI PNB May Move Out From 11th Bipartite Settlement Nov 2017
Large state run lenders are seeking to break away from the system of negotiating periodic, industry wide wage settlements with the unions and decide their own pay structures.
Lenders such as State Bank of India (SBI) and Punjab National Bank (PNB)
are exploring the idea of moving to a variable pay structure, which will be
based on the performance of employees.
SBI is looking to introduce an employee stock ownership plan and grading
system based on an employee’s performance, said a senior SBI official on
condition of anonymity. PNB plans to
approach its board with a proposal to introduce performance based pay for all
officials above the level of chief manager. “Today, an employee’s salary is
predictable. There is a need to recognize performance and give remuneration. We
have formed an internal committee of general managers to work on this matter
and submit the proposal to the board,” Usha Ananthasubramanian,managing
director and chief executive officer of PNB, said at an analysts’ meeting,
after the lender’s earnings announcement. Usha also added that PNB had earlier
tried to move to a variable pay structure for all employees under the
chairmanship of K.C. Chakrabarty, but failed in
its attempt.
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