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UFBU demand immediate settlement of wage revision

UFBU demand immediate settlement of wage revision

ELogo BlueBhubaneswar , 25/10 ( Odisha Samachar / Abhisek Mohanty ) : Demanding immediate settlement of wage revision, United Forum of Bank Unions (UFBU) representing five workmen unions like All India Bank Officers’ Association, All India bank Employees’ Union, National Federation of Bank Employees, All India Bank Officers’ Confederation and Bank Employees Federation of India staged demonstration at Mahatma Gandhi Marg here on Saturday as a part of the demonstrations organised in all the State capitals.

“Wages and service conditions in the banking sector are governed by the industry level Bipartite Settlements signed between the Indian Banks’ Association (IBA) and the workmen unions and officers’ associations operating in the banking industry. All the banks which have given mandate to IBA to negotiate o behalf of them are parties to be settlements. The wage revision for bank employees is due from 1.1.2012 subsequent to the expiry of the last Bipartite Settlement on 31.10.2012. The common charter of demands, separately for workmen and officers, were submitted by UFBU to IBA on 30.10.2012 that is before the expiry of last Bipartite Settlement”, said convener of UFBU Jyoti Bhusan Mohapatra.

He further added “UFBU has been requesting since the start of negotiations, for a time-bound approach to hold the negotiations on its demands and for conclusion of wage settlement within a reasonable time. But the recalcitrant and callous attitude of IBA has inordinately delayed the negotiation process and there is no significant progress in the wage negotiations despite a lapse of nearly two years’ time. The formal negotiations have started in February 2013 and around 13 rounds of discussions have so far taken place between IBA and UFBU resulting in hardly one round of discussion every two months. IBA is quoting the reason of non-affordability of banks and is stubborn in its offer of 11 percent increase in pay slip components, as against the demands of UFBU for a respectable settlement with due consideration of the difficulties that are faced by the employees on account of high rate inflation, which has eroded the salaries of the employees to a great extent. Even though the UFBU has shown its willingness to adopt a flexible approach in order to finalise the settlement expeditiously, the same is not being reciprocated by IBA. Thus, the employees are pushed to the path of agitation and have decided to observe All India one day protest on November 12, 2014”.

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