11th BPS 5th May Wage Revision Talk Update – In view of failure of talks held between United Forum of Bank Unions (UFBU) and Indian Banks’ Association (IBA) on the wage revision at Mumbai on Saturday, 5th May, about 10 lakh bank employees will go on a continuous two-day strike by end of this month.
Strike Call by UFBU
UFBU, which consists of all the 9 bank unions (AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO) took part in the talks. The strike call is given against the meagre offer of wage increase for Bank Employees.
All India Bank Employees’ Association (AIBEA) General Secretary Ch Venkatachalam told UNI that Bank employees and officers’ wage revision is due from November, 1 2017.The Finance Ministry had advised Bank managements and IBA to complete the discussions well in advance and release the revised wages w.e.f. 01-11-2017.
Even though the discussions between Indian Banks’ Association and Bank Unions started in May, 2017 and several rounds of discussions have taken place, IBA was not coming forward to make any offer of wage revision. Hence Unions gave the call for strike on March 15, 2018. Since IBA offered to re-commence the talks, the strike was deferred.
In this background another round of discussions between IBA and Bank Unions took place at Mumbai on Saturday, he said.
Wage Talk : IBA offered meagre 2 percent salary hike
Mr Venkatachalam said during the discussions, the IBA offered an increase of 2 per cent over the total wage bill of the Banks as on 31-3-2017. Under the last 10th Bipartite Wage Settlement that was made effective from 1-11-2012, IBA had agreed for a hike of 15 per cent increase over the total wage Bill.
Hence the Unions felt that this offer of IBA was too meager and did not make any basis for further negotiations. In view of this, the Unions outrightly rejected this meager offer of two per cent hike, the top Union leader said.
He said it is regrettable that while the Government has been asking the IBA to conclude the wage revision settlement before 1-11-2017, the IBA has been delaying the same and the present meager offer shows that IBA is not serious and they do not want any meaningful negotiations or to conclude the wage settlement early.
In view of this, it has been decided to take up the issue with Union Finance Ministry immediately for their intervention.
2 Days Strike by Bank Employees over 2 percent offer
The Unions has given a call to organise massive demonstrations by bank employees all over the country on May 9, 2018, Mr Venkatachalam said, adding that If the Finance Ministry fail to intervene to advice the IBA to make their improved offer, it has been decided to call for a 48 hours continuous strike by end of this month.
It is a matter of shame that while thousands of crores of rupees are written off from the profits towards bad loans of big corporate companies, the genuine demands of bank employees are being denied in this fashion, the AIBEA General Secretary said.