|Our following utility widgets are one of the most visited widgets - Click it for easy access|
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.
"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.
| Latest Update ------ In Meeting dated 13/06/2014 IBA improved their offer from earlier 10% to 11%. UFBU wants 25% on pay slip components which IBA said not possible to consider. Further course of action will be decided by UFBU shortly |
Know Details of IBA Meeting Dated 13.06.2014
IBA informed that in the present banking scenario profits of the Banks have come down as on 31-3-2014 and there are 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. UFBU expressed inability to accept this offer as the same was quite inadequate.
As regards to other issues 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 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 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.
On UFBU refusal to accept the IBA's offer of 11% increase, IBA wanted to know the expectation of the UFBU for which it was informed by UFBU that their 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.
The talks ended inconclusively. UFBU's 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.
| Wage Negotiation Meeting with IBA fixed at 12.00 noon on 13th June 2014 |
And UFBU shall be meeting on the same day at 10.00 a.m.
UFBU talks held on 14.03.2014 with IBA, discussed Important Issues of Charter of Demand 5 days week, Regulated Working Hours, Pension, other Service Conditions etc. with positive approach.
UFBU demanded reimbursed of 100% of the medical/hospitalisation expenses incurred by the employees and officers for self/family members. On this point IBA suggested that the mediclaim scheme proposed by them earlier can be customised in such a way to be handled by the Banks instead of insurance companies or third party administrators. UFBU requested IBA to furnish details in this regard.
IBA was considerate and agreed to work out the cost implications on UFBU demand for improvement in the Family Pension scheme, extension of 100% DA formula to pre-2002 pensioners.
On periodical updation of pension on occasions of wage revision, IBA felt issue has to be examined the cost involved.
On UFBU demand for reverting to old pension scheme from NPS, IBA expressed their inability to accede to.
UFBU demanded compassionate appointment scheme should be on the lines of the Government scheme, IBA conveyed the clarifications sought from the Government.
On UFBU demand for improvement in the IBA's earlier offer on wage increase, IBA informed that they are not able to make further offer.
In The meeting it was decided to hold the next round of discussions in the middle of April, 2014.
Wage Negotiation Meeting with core group of IBA fixed on 14th March 2014 at 1.00 PM
UFBU in their meeting with IBA dated 03.03.2014 raised other issues - |
IBA assured that these matters will be discussed with Finance Ministry on 5th instant and thereafter hold negotiations within 10 days
|IBA fixed the next round of negotiations with UFBU for 10th Bipartite Settlement on 3rd March 2014|
|UFBU in their meeting dated 19th February 2014, reviewed the impact of the two days strike and decided to chalk out further course of action based on the outcome of the meeting with IBA scheduled on 3rd March 2014.|
Wage Revision Talks update / 10th Bipartite Settlement Talks update
UFBU is meeting on 19th February 2014 at Mumbai to decide its further course of action
|IBA has cancelled the meeting with UFBU scheduled on 13/02/2014 without stating about the next date of meeting.|
|In meeting dated 06.02.2014 CLC advised IBA to prepone meeting to settle the issue & UFBU advised to defer strike.|
The UFBU assured to review its stand subject to acceptable offer from IBA.
Conciliation inconclusive and two days Strike dated 10th & 11th February 2014 stands
|CLC CALLED IBA AND UFBU FOR CONCILIATION MEETING ON 06-02-2014 AT 11-30AM IN NEW DELHIAND|
IBA called UFBU for negotiation meet on 13.02.2014
| In meeting dated 27.01.2014 between IBA and UFBU Indian Banks Association (IBA) has offered 10% increase and same has been rejected by UFBU. |
The United Forum of Banks Unions (UFBU) have declared two day nation-wide strike on 10th & 11th February 2014
| In meeting dated 17.01.2014 between IBA and UFBU Indian Banks Association (IBA) has agreed to improve their earlier initial offer of 5% on cost of Pay slip components (which amounted to Rs. 1575 crores ) to 9.5 % (amounting to around Rs. 3000 crores) which is exclusive of retirement benefits and other costs. The IBA also reiterated that they would expedite the negotiations and conclude the Settlement by June, 2014. |
The United Forum of Banks Unions (UFBU) have deferred the two day nation-wide strike January 20 & January 21, 2014.The next round of talks between UFBU and IBA would be held on January 27, 2014
IBA offered to hold the meeting with UFBU on 17th Jan. 2014 as CLC advised IBA to call the unions for negotiations immediately. Further decision on the strike depends on the outcome of the meeting. Strike on 20th and 21st January 2014 as now stands
UFBU calls for Two Days strike on 20th, 21st Jan 14 to expedite Wage Revision & to oppose Banking Reforms
Conciliation Meeting dated 16-12-2013 held by CLC (Chief Labour Commissioner) ended in failure and one day
Next Round of talks between IBA and UFBU on 14-12-2013
UFBU talks with IBA failed
From the IBA, it was stated that looking to the stress on the profitability of the Banks, the increasing cost on account of pension, the declining profits, etc, it would be difficult to take any additional cost on account of wage increase. Unions explained that on account of high inflation and unabated price rise and also keeping the increase in the operating profits of the Banks, the employees and officers deserve adequate increase in their wages. After a lot of discussions, IBA stated that they would be able to offer an increase of 5% over the wage expenses covered by the payslip components and that the offer is exclusive of the cost on other components including superannuation benefits.
Union informed IBA that their offer falls too short of demand and expectation of bank employees / officers and offer is not acceptable to them
UFBU has decided to call one day strike on 18-12-2013 demanding Early wage revision & stop banking reforms
Latest updates of IBA has invited UFBU for talks on wage revision -12.08.2013
Another round of bipartite talks took place in Mumbai between IBA and UFBU on demands for wage revision. The meeting was held in a cordial atmosphere and discussions were fruitful. In the day-long discussions held, satisfactory decisions on some of the important issues could be arrived at. Union asked them to react and respond to the issues like date of effect for commencement of the revised wages, consumer price index point upto which Dearness Allowance is to be merged with basic pay for construction of revised pay scales, quantum of wage revision, etc.
Date of effect: In response, the IBA agreed that the new wage settlement would be effective from 1st November, 2012 i.e. the date from which the 10th Bipartite Settlement is due.
Merger of DA for constructing revised Pay Scales: IBA explained their constraints to consider merger of Dearness Allowance at higher index points. After prolonged discussions and on the insistence of the UFBU for merger of D.A at a higher level to enable construction of Pay Scales in a reasonable manner looking to the Pay Scales of employees and officers in comparable sectors, IBA agreed and conceded to merge Dearness Allowance upto 4440 Consumer Price Index i.e. 401 slabs and construct new pay scales accordingly.
Increase in wage load: On the offer of the wage load increase, IBA wanted to study the cost impact of the merger before responding. However, the UFBU reiterated its demand that the offer should be exclusive of superannuation cost and improvements in other welfare measures. IBA indicated that the same would be kept in mind by them.
REIMBURSEMENT OF HOSPITALISATION EXPENSES: To demand for 100% reimbursement of hospitalization expenses incurred by the employees/officers for self and eligible family members, IBA offered introduction of mediclaim policy facility under which hospitalization expenses would be reimbursed by the insurance company upto Rs. 2 lacs for sub staff, Rs. 3 lacs for clerical staff and Rs. 4 lacs for officers per year. Looking to the various implications of switching over to the new scheme and the need to examine the pros and cons of the scheme, union said that a detailed study is required on the contents of the scheme offered before responding.
Management's issues: The management's issues like introduction of cost to company method, Fixed Pay and Variable Pay concept were discussed and UFBU has given its strong views against the same. However, the matter remained inconclusive.
Compassionate ground appointment Scheme: Another vital issue, much dearer to all the bank employees, which is relentlessly being pursued by the UFBU is restoration of compassionate appointments in the Banking Industry. IBA informed us in today's meeting that its recommendations for introduction of compassionate appointment scheme on similar lines prevailing in Central Government for its employees has been sent to Ministry of Finance, Govt. of India for its approval.
Comrades, in today's discussions, we could arrive at conclusion on two vital issues i.e. date of effect and merger of dearness allowance.
The date for the next round of discussions will be decided in due course.
IBA has invited UFBU for talks on wage revision on 07.06.2013 at Mumbai
IBA's Negotiating Committee headed by Shri. T.M. Bhasin met the United Forum of Bank Unions at IBA office in Mumbai.
It was demanded by UFBU that there should be a time bound programme to complete the negotiations. IBA informed that the same can be worked out by mutual discussions. It was demanded that the wage revision should be effective from 1st November 2012 and the new pay scale should be constructed by merging the DA at 4876 points i.e. the DA applicable to July- September 2012 quarter. IBA informed that they would consult the higher authorities in the Government and inform UFBU in the next round of discussions. The IBA suggested that the pay scales could be constructed by merging the DA applicable upto 2009.
In today's meeting the IBA also explained their issues like introduction of Cost to Company, Performance related wage, restricting the wage revision, increased mobility to award staff, rationalisation of Special Pay etc. Unions expressed reservations.
UFBU submitted that in the proposed wage revision, the hike in wage load should be exclusive of the cost on pension and other superannuation benefits and also the cost of hospitalization expenses reimbursement. The IBA informed that this would be kept in mind by them.
The IBA informed that they will shortly inform the date for the next round of negotiations.
We sincerely thanks to our valued visitor for sending a circular dated 11.06.2013 of NUBE (of above meeting). We request all our visitors to guide / provide latest updated information / made us correct if anything or otherwise observed. Though all efforts are made to keep the contents of the site correct.
Bipartite Talks with IBA dated 22.04.2013
A round of discussion was on 22-04-2013 in Mumbai between IBA and UFBU on charter of demands for revision of wages and service conditions. The IBA was represented by the negotiating team headed by Mr. T M Bhasin (CMD Indian Bank and Senior Vice President, IBA). UFBU was represented by the constituent unions. NOBW could not be present due to their pre-fixed programme.
During this meeting, IBA provided the detailed data relating to establishment expenses of the banks as on March 31st 2012, which will be taken as the basis for calculations in the ensuing wage revision exercise. According to the data, the total establishment expenditure/wage bill of the public sector banks as on 31-03-2012 comes to Rs. 56,292 crores for workmen and officers put together.
The IBA also submitted the following Management issues for discussions by UFBU:Officers:
IBA further stated that they would make their presentations on these issues in the next meeting. They also informed that the next round of discussions would be held by the middle of May 2013.
On 22.02.2013: First meeting on 10th BPS was held between IBA and UFBU It was only a preliminary round and was formal and introductory in nature. Next meeting fixed on 04.03.2013.
A brief of the meeting reports indicates as follows:-
Next round of talks will be held on 4th March, 2013.
IBA has postponed the meeting scheduled to be held on 4th March, 2013 and date of next meeting not informed / fixed with UFBU .
Please see disclaimer of site.