UFBU Details of the Negotiation Meeting
Held on 13th June, 2014
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We give below
the details as released by one of the unions on its website :
After the last round of negotiations held on 14-3-2014, another round of
discussions took place with IBA on 13-6-2014 in Mumbai in the background of the
new Government taking over at the Centre after the general elections.
UFBU meeting: Prior to the discussions with the IBA, meeting of the UFBU was
held. The meeting observed a minutes' silence to pay homage on the death of Dr
Shanti Patel, veteran trade union leader of HMS and Port and Dock Workers. The
meeting took stock of the developments since our last meeting held in March,
2014. The meeting welcomed the new Government under the Prime Ministership of
Shri Narendra Modi and hoped that the basic problems of the people and workers
would be addressed by the new Government. The meeting noted that in addition to
the pending demands of UFBU for wage revision, there are other challenges too
like the recommendations of P J Nayak Committee, talks of dilution of
Government's capital in Banks, merger of Banks, etc. The meeting decided to take
a delegation of UFBU to the Finance Minister to apprise him of our issues and
demands.
Discussions with IBA: In the wage revision talks, the IBA was represented by Mr.
T M Bhasin, Chairman of the Negotiating Committee along with other members. UFBU
was represented by all the Constituent Unions.
Opening up the discussions, Mr. Bhasin explained the present banking scenario
where the profits of the Banks have come down as on 31-3-2014 adding to the
constraints of the Banks to take up any huge financial burden in the form of
wages. After submissions from UFBU, IBA informed that they are willing to
improve their offer from earlier 10% to 11% on the cost of Pay Slip components
of the wage bill which would amount to Rs.3,465 crores and which would be
exclusive of other costs on retirement benefits, LFC, hospitalization expenses,
etc. From UFBU, we expressed our inability to accept this offer as the same was
quite inadequate.
As regards other issues discussed with the IBA in the last two rounds of
discussions, IBA informed that they are favourably inclined to consider the
demand of extending 100% DA for all pensioners and the same is awaiting the
approval of the Government. On our demand for improvement in Family Pension,
IBA's response was positive but they informed that the cost implication has to
be properly worked out and Government's approval is necessary for the same. As
regards updation of pension, IBA was apprehensive about the same since it
involves substantial financial burden to the Banks. IBA also informed that our
demand for extending appointment on compassionate grounds in the Banks on the
lines of Government scheme is under the active and positive consideration of the
Government and their decision is awaited.
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Since UFBU refused
to accept the IBA's
offer of 11%
increase, IBA wanted
to know the
expectation of the
UFBU for which it
was informed that
our minimum
expectation is 25%
increase in the Pay
Slip components
cost. IBA expressed
their total
inability to accept
the same as it is
beyond the paying
capacity of the
Banks.
With this, the talks
ended
inconclusively.
Thereafter UFBU
decided that since
IBA has not come up
with any adequate
increase in their
offer, further
course of action
would be taken
shortly after mutual
consultations
amongst the
Constituent Unions
and also after
meeting the Finance
Minister in this
regard.
Further developments
would be informed to
units in due course.
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