All India Bank Employees Association’s Note:
IBA invited the UFBU for discussions and the bipartite talks were held
today in Mumbai in the office of IBA. IBA was represented by Mr T M
Bhasin (CMD, Indian Bank) Chairman of the Negotiating Committee, Mr. M V Tanksale, Chief Executive of IBA and other CMDs/EDs who are members of the IBA’s negotiating team. UFBU was represented by the representatives of all the constituent unions.
During the discussions held, after protracted negotiations, IBA finally 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. IBA
further informed that the next round of negotiations will be held on 27th January, 2014.
From UFBU side, while explaining the rationale behind charter of
demands, UFBU pointed out that their offer needs to be further enhanced
before any finality could be reached. However, looking to their improved
offer and assurance to expedite the settlement, it was decided to defer
agitational programmes and proposed strike action on 20th and 21st
January, 2014.
Further developments will be informed to units after the next round of
negotiations. In the meantime, it is necessary to maintain our unity and
preparedness which alone can guarantee accomplishment of our demands.
All India Bank Officers Association Circular
ALL INDIA BANK OFFICERS’ ASSOCIATION
Circular No.2:VI:2014
January 17, 2014
To:
ALL UNITS / STATE COMMITTEES
Comrades
,
Wage Revision talks – 7th round- Developments
48 hours strike deferred
In the background of the conciliation proceedings held at the office of
CLC[C] on 13th January 2014, the 7th round of talks was held at IBA
office, Mumbai today. IBA was represented by Shri T.M.Bhasin, Chairman,
Negotiating Committee, IBA, Shri S.L.Bansal, CMD, OBC, Shri Rajiv
Rishi, CMD, CBI, Dr.J.N.Mishra, DMD, SBI, Shri Rakesh Sethi, ED, PNB,
Shri M.V.Tanksale, CEO, IBA, Shri K.Unnikrishnan, Dy.CEO besides the
officials of HR department, IBA.
2. The representatives of constituent unions met prior to IBA meeting for deciding the collective course of actions to move forward in the negotiations of wages and other issues listed in the Charter of Demands.
3. As this meeting was the first one in 2014, pleasantries were exchanged. Chairman, Negotiating Committee
IBA initiated the dialogue by chronologically listing out the progress
made in the earlier six rounds of discussions. Taking forward the
discussion, CEO, IBA reminded the constituent unions to respond to the
three issues viz., [i] C2C [ii] negotiations for officer upto Scale III
and [iii] Hospitalisation to be linked Health Insurance package. While
IBA is positive to move the matter further, sought to know the UFBU’s
approach on the proposed strike on 20th/21st January 2014, saying that
the owners are unhappy of declaring strike in the Industry.
4. The Union’s representatives made it clear that unless there
is substantial improvement in the offer already made, it would be
difficult to take a call on the strike declared.
After repeated reiteration from our end, the IBA made an offer of
“9.5%” increase on payslip components amounting to around Rs.3000 crores
with an assurance to improve further. The next date for discussion has been fixed to be held at Mumbai on 27.01.2014.
In view of the forward movement in the talks, it was decided to defer the “48 hours strike” on 20th & 21st January 2014.
Yours comradely,
/S.NAGARAJAN/
GENERAL SECRETARY
Source : aiboa.org
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