Wage Revision Talks update / 10th Bipartite Settlement Talks update


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Updates of Wage Revision Talks

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  1. Discussion between IBA and UFBU on wage revision held on 23.02.15 and both have mutually agreed as under:-

    • The Wage Revision will be effective from 01.11.2012
    • The annual wage increase and allowances @15% which works out to Rs. 4725 crores on salary slip componemts.
    • The new scales will be constructed after merging dearness allowance corresponding 4440 points as on November 2011. which works out 60.15% and adding a load factor of 2% on Basic Pay plus Dearness Allowance as on 31.03.2012 amounting to around Rs. 597 crores.
    • Distribution of annual wage increase between Workmen Unions and Offices' Association will be worked separetely based on breakup of establishment expenses as on 31.03.2012.
    • Every second and fourth Saturday of the month will be a holiday and the other Saturday will be full working days.
    • All other issues of the Management and Unions/Association discussed during the process of negotiations will be settled to the mutual satisfaction.
    • The parties will meet on mutually convenient dates to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus positions have been reached. The parties will endeavour to finalise the Bipartite Settlement/Joint Note within a period of 90 days from the date of the minutes i.e 23.02.2015.
  2. On the suggestion of the Chief Labour Commissioner (CLC), IBA agreed to hold negotiations with UFBU on 23rd February 2015. In the meantime Strike stands.
  3. At the call of CLC, conciliation proceedings between UFBU and IBA will be held on 20th February 2015 at 3.00 pm in office of CLC (Central), Shram Shakti Bhawan, Rafi Marg, New Delhi-110001.
  4. IN TALKS TODAY (03.02.2015) IBA OFFERED ONLY 0.5% IMPROVEMENT WHICH IS NOT SATISFACTORY AND

    • - UFBU DECIDED TO REVIVE THE STRIKE PROGRAMME - 4 DAYS STRIKE FROM 25TH FEB. TO 28TH FEB. 2015
    • - FOLLOWED BY INDEFINITE STRIKE FROM 16.03.2015
    • - Details of the meeting are as under:-

    Another round of negotiations between IBA and UFBU was held in Mumbai on 3rd February 2015. Subsequent to a general reporting of the discussions held in the meetings of the three Sub-Committees on (i) Employees' service conditions, (ii) Officers' service conditions and (iii) revised medical reimbursement scheme.

    The important issue of further improvement in the wage increase offer came up for discussion. IBA sought the view of UFBU about revising its demand from 19.5% in order to arrive at a final deal. UFBU informed IBA that the wage increase offer needs to be substantially improved by IBA as assured and accordingly UFBU would negotiate further to reach a final accord. Quoting, once again, the strenuous financial performance of various Banks, IBA informed that the banks are not in a position to accept the demand of the UFBU. After prolonged discussions, IBA finally proposed to improve their offer from 12.5% to 13% and expected UFBU to scale down its demand.

    Since the increase in offer of 0.5% by IBA was paltry, inadequate and not satisfactory, UFBU met thereafter and decided to revive the strike programmes as under:

    • 9 th February 2015 Centralised Demonstrations at all centres
    • 13th February 2015 Centralised Demonstrations at all centres
    • 20th February 2015 Badge Wearing & Demonstrations
    • 23rd February 2015 Press Meet in all State capitals
    • 24th February 2015 Centralised Demonstrations at all centres
    • 25th to 28th February 2015 FOUR DAYS' ALL INDIA BANK STRIKE
    • 2nd to 14th March 2015 Further preparatory programmes
    • 16th March onwards INDEFINITE STRIKE
  5. The next meeting of the Sub Committee on Charter of Demands of workmen will be held on 30th January 2015 at I.B.A

  6. Proposed 4 DAYS STRIKE FROM 21ST TO 24TH JANUARY 2015 - Deferred.

    As IBA assured to resolve issues in next meeting to be held in first week of Feb. 2015 and the details of the meetings are awaited

  7. IBA meeting with officers' organisations on 14th January. AND with workmen unions on 19th January 2015 - On service conditions & medical scheme.

  8. The highlights of IBA and UFBU Discussions continued on 7th January 2015

    AS IBA on 06.01.2015 agreed to improve their earlier offer of 11% increase to 12.5% increase in Payslip. components. UFBU also agreed to revise its demand to 19.5%. UFBU informed IBA that their revised offer of 12.5% is quite inadequate and has substantially to be improved further.

    On the other following issues raised by UFBU, it was decided that Sub- Committees would be formed to discuss:

    1. Revised scheme on 100% hospitalisation expenses reimbursement scheme to employees/family members without any ceiling;
    2. Modifications in Officers Disciplinary and Conduct Regulations suggested by the unions, regulated working hours for officers, 5 Day banking, etc,
    3. Demands raised by the Workman Unions/Officers' Organisations in the Charter.

    As regards to Pension related demands:

    UFBU raised the issues to improvements in Pension related demands like 100% DA for pre-Nov. 2002 pensioners, family pension formula, periodical updation of pension and suggested that DA upto 4440 points for all pensioners should be merged with Basic pension and a uniform DA formula to be applicable to all pensioners. UFBU also demanded extension of DA linked pension scheme for employees recruited after April 2010.

  9. IBA in today's meeting i.e on 06.01.2015 has come up to 12.5% and the talks will continue tomorrow.

    UFBU Deferred Proposed Strike on 07.01.2015

  10. Outcomes of CLC meeting held on 5th January, 2015 at Delhi, IBA said it would hold negotiations with UFBU on 6th January, 2015 at Mumbai to find amicable solution. UFBU agreed to attend the meeting on 6.1.2015 at Mumbai at 3.00 p.m. Further course of action of UFBU depends on the outcome of the meeting with IBA and the members are advised to be fully prepared to go ahead with strike on 7th January 2015.

  11. Conciliation meeting with CLC ( C ) will be held on 5th Jan.15 at 3.00 PM in Committee Room, C-Wing, Shram Shakti Bhawan, Rafi Marg, N. Delhi

  12. UFBU MET IN MUMBAI AND DECIDED :

    1. 1 DAY STRIKE ON 7TH JANUARY 2015.
    2. 4 DAYS STRIKE FROM 21ST TO 24TH JANUARY 2015
    3. FOLLOWED BY INDEFINITE STRIKE FROM 16TH MARCH 2015 ONWARDS.
  13. UFBU call for All India Bank Strike on 12th November to invite the attention of the IBA and Government to their notice the anguish of the Bank employees. Now, UFBU is moving closure to next strike action i.e. Relay Zonal Strike from 2nd to 5th December 2014, the first of its kind in the Banking Industry.

    The schedule of Relay Zonal Strikes is as under:

    02.12.2014 Southern Zone consisting States of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana and Union Territories of Lakshadweep and Puducherry
    03.12.2014 Northern Zone consisting States of Chattisgarh, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, New Delhi, Punjab, Uttar Pradesh, Uttaranchal, Rajasthan and Union Territory of Chandigarh
    04.12.2014 Eastern Zone consisting States of Bihar, Jharkhand, Odisha, Sikkim, West Bengal, North Eastern States and Union Territory of Andaman & Nicobar Islands
    05.12.2014 Western Zone consisting States of Goa, Gujarat, Maharashtra and Union Territories of Daman ↦ Diu

    UFBU hopes that IBA and Government combine, having understood the seriousness, would initiate positive steps to resolve the issues without further aggravation. In the event their issues still remain unresolved they think that it may be forced to resort to more strike actions including Indefinite Strike in the days to come.

  14. In the negotiations held on 10.11.2014, IBA stuck to their earlier stand of 11% despite the flexibility of UFBU in scaling down the demand to 23%.

    Consequently, the conciliation also ended in stalemate.

    Hence Strike on 12th November,2014 and relay strike in December stands. UFBU decided to march ahead and to make the strike total Success.

    Detailed awaited

  15. Conciliation proceedings held on 5th November 2014 before CLC, no improvement in IBA's offer.Next conciliation meeting will be held on 10th November 2014.

    UFBU decides to go ahead with one day strike on 12th November 2014.

  16. UFBU in its meeting held on 13th October at Bangluru decided to observe one day All India Strike on 12th November followed by more strike actions including indefinite strike.
  17. On 26.09.2014 in Mumbai (17th instant) another round of bipartite meeting was held with the IBA. IBA was represented by Shri Rajeev Rishi (CMD Central Bank of India), Chairman of the Negotiating Committee along with other members of the Negotiating Committee. UFBU was represented by all its constituent unions.

    Issues discussed in the meeting

    • As regards 5 day banking / 5 day working, IBA regretted their inability to accept demand of UFBU in the present situation.
    • On the issue of regulated working hours for officers, IBA was not inclined to agree to the same.
    • UFBU demanded for 100% reimbursement of hospitalisation expenses incurred by the employees/officers and their family members under the group mediclaim scheme offered by the IBA. IBA agreed that even though employees would be covered by the mediclaim scheme, they would continue to submit their claims to the management as hitherto and the reimbursement would be made by the Banks with the improved benefits of the scheme accruing to the employees. IBA also agreed to incorporate the suggestions submitted by the UFBU while finalising the scheme.
    • IBA wanted to know views from UFBU and their reactions on introduction of cost to company method as well as fixed and variable pay concepts. UFBU reiterated that the same are not acceptable.
    • IBA insisted for limiting the wage revision discussions upto scale III officers instead of upto scale VII which was also declined by UFBU.
    • UFBU was flexible in its approach on the issues raised and insisted IBA to improve their offer to take the negotiations forward. IBA was adamant in their stand and did not improve their offer and stuck to their earlier offer of 11%. UFBU expressed its unhappiness over the rigid stand of IBA on improvement.

    It was decided to observe One day Protest Strike preceded by the agitation programmes

  18. UFBU meeting with IBA on 17th Sep. 2014 with IBA in Mumbai.

    UFBU appreciated Government's initiatives in extending banking facilities to the unbanked people and expressed the following apprehensions:

    • The compromises on KYC norms may lead to opening of fraudulent accounts for which employees should not be held accountable;
    • The pressure due to the targets stipulated for opening of accounts are greatly affecting the regular banking activities and services to existing customers;
    • Due to the stipulation on timings for opening of accounts from 8.00 a.m. to 8.00 p.m., employees are forced to work beyond their working hours and are also under severe stress to achieve the stipulated target.

    During the wage negotiations, IBA informed that the UFBU's demand of 25% increase in pay slip components is on high side and beyond the paying capacity of banks and insisted that UFBU should review its demand, to which UFBU responded as under:

    • IBA should substantially increase its offer (of 11% increase in pay slip components)
    • The other important issues like regulated working hours, 5-day banking, improvements in pension related matters, etc. should be discussed simultaneously and in a time-bound manner
    • The meetings on negotiation have to be held regularly at frequent intervals ensuring expeditious settlement;
    • UFBU will have flexibility in its demand depending upon the response of IBA on all the above matters.

    IBA assured us to schedule the next round of meeting within one week to discuss comprehensively on all the issues.


  19. Department of Financial Services, Ministry of Finance, Government of India, assured UFBU to advise IBA to resume talks on wage negotiations.
  20. UFBU met on 15th July 2014 in Mumbai and decided to demand from IBA to expedite wage negotiations by calling for meeting immediately and also decided to chalk out strategies for an early wage revisions.
  21. UFBU is meeting on 15th July 2014 in Mumbai to discuss/decide further course of action regarding wage negotiations
  22. Bank Unions Meeting Dated 27.06.2014 With Arun Jaitley Finance Mininster Press For Early Bank Wage Revision


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Representatives of United Forum of Bank Unions, comprising mainly of PSU bank employees, today (on 27.06.2014) met Finance Minister Arun Jaitley and sought his intervention for early settlement of wage revision negotiations.

General Secretaries of nine employee unions under the UFBU umbrella were present, along with CPI member of Parliament D Raja, at the meeting with the Finance Minster.

UFBU Convener M V Murali said after meeting ---- UFBU submitted representation to the Finance Minister and apprised him of developments with regard to wage negotiations with Indian Banks' Association (IBA),

He said the Finance Minister assured the delegation that the Financial Services Secretary would look into the matter and the settlement process would be expedited.

The delegation informed that more than 10 rounds of discussions have taken place between bank management and UFBU so far on the issue but IBA is delaying the settlement.

The spiralling cost of living and the high rate of inflation in the last few years has made the life of common man miserable, he said, adding that as against the reasonable demand of 25 per cent increase in the pay slip components, the IBA has offered a very meagre 11 per cent increase.


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    UFBU Convener M V Murali said -

    "Despite a lapse of 20 months since the start of negotiations, no significant improvement has been made towards expeditious conclusion of settlement. Moreover, IBA is offering the least increase quoting non-affordability of banks in paying higher wages partly because of increase in Non-Performing Assets (NPAs),"

    Ashwini Rana General Secretary National Organisation of Bank Workers (NOBW) said

    "We are still waiting for our 'ache din' (good days) under Modi Sarkar"

    The wage revision of public sector bank employees has been due since November, 2012.






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