Thursday, January 22, 2015

Leaving warpath Bank unions prefer ministerial influence

A section of public sector bank employees unions yesterday met Minister of State for Finance Jayant Sinha to press for early wage revision. 

A meeting comes two day after the unions deferred their four-day strike that was to begin today as Indian Banks' Association (IBA) assured that wage issue will be resolved by the first week of February. 

National Organisation of Bank Workers and National Organisation of Bank Officers, under the leadership of Bhartiya Mazdoor Sangh .(BMS), met Sinha and submitted the memorandum on the demands of the bank employees, said a statement by the unions. 


In a representation to Sinha, it said honest negotiations which could break any stalemate. There was a rise of 17.5 per cent (Rs 4,816.00 crore) on total establishment expenses during the last 9th Bi-partite settlement. 

"We request you to kindly intervene and advise IBA to keep above at least the level of last wage revision. If our demand of 19.5 per cent on pay slip component is considered, it may cost (Rs 6,143 crore). So far IBA has offered only Rs 3,937 crore and gap is Rs 2,206 crore," it said. 
View the full article in Economic Times

2 comments :

Anonymous said...

Such meetings are not new - earlier also groups of representatives have met the Hon Fm (or even PM) a couple of times, only to get the assurances with No Outcome.
What was MoS's response or what is the New assurance during 21st meeting ?

S.Lakshman Rao said...

Banking Industry need to have an undertaking with Finace Ministry expressing their willingness to come under the purview of Seventh Pay Commission...Needs special attention...

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