Sunday, December 15, 2013

DETAILS OF TALKS /10th B.P.S Dt.14.12.2013

 Full text of Circular No. UFBU/2013/11, dated 14.12.2013,
 issued by United Forum of Bank Unions
----------------------------------------------------------------------------------- 
 “Further to the call given by UFBU for All India Strike on 18th December, 2013, 
IBA held discussions with UFBU today in Mumbai. IBA was represented by Mr. T 
M Bhasin, Chairman of the Negotiating Committee, Mr. M V Tanksale, the newly 
appointed Chief Executive of IBA and other members of the Negotiating 
Committee. From UFBU, representatives of all our constituent unions were 
present. 

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. From 
our side we 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. 

IBA also stated that in regard to officers, they would like to cover the 
discussions only upto Scale III officers. They further stated that the Government 
is not in favour of our demand for introduction of 5 Days Banking. Regarding 
compassionate appointment scheme, they informed that the matter is still under 
consideration of the Government. 

In view of this, we informed the IBA that their offer falls too short of our 
demand and expectation and hence not acceptable to us. We urged upon the 
IBA to substantially revise their offer to reach an acceptable position. IBA could 
not do so but requested us to withdraw the agitation and continue the talks. 
Since their offer was too low and not acceptable to us, it has been decided to go 
ahead with our strike action on 18th Decembver, 2013. 

Hence all our unions and members are requested to implement the 
strike action on 18th December 2013 and make it a total success. 

UFBU will meet on 23rd instant to decide on further course of action to achieve 
our demands.” 
 Sd/- 
 (M.V.MURALI) 
 CONVENO

11 comments:

Anonymous said...

WHAT a joke !!! The bank's can write off 141000 crores of rupees as bad debts which basically is due to bad credit decisions by the bank boards as per honorable finance minister. Every time during wage settlements the finances of bank's go down but while writing off bad loans the bank's have huge money. It is really surprising that during the tenor of Mr.Tankasale as IBA, CEO who has got so many awards for HR policy innovations during his tenor as CMD of Central Bank of India, this joke is thrust upon all bank employees.
Hats off to bipartite settlements, hats off to the bargaining power of UFBU !!!!!

Alas!!! if we were under pay commissions

Anonymous said...

UFBU SHOULD BE A BIT HARD IF THE IBA DOES NOT BUDGE THEN ON 23RD IBA SHOULD INTENSIFY THE AGITATIONAL STIR INCLUDING STRIKE FOR LONGER DAYS
TCB

Anonymous said...

We should also stop our alternate channels like ATM and Internet Banking to make our complete success.

Anonymous said...

If negotiation ends below 18%, then no one shoul pay levy to these union guys.

Bloody looters. No bargaining skills, sometime feels really ashamed.

KANAGARAJ JAGANATHAN said...


When the UFBU meets on 23.12.2013, they should decide only a STRIKE for a minimum of 3 days that too before 25th Jan 2014. IBA & Govt. treat the Bank employees as fools and idiots. they are spending the profits of bank at their will and refuse to budge to our wage increase demands which are meagre when compared. IBA & Govt are trying to ride horse on our BACK, which we should thwart. While our TAX MONEY have been thrown as Salaries and Wages to Govt. employees, of which majority of them do not perform and show any profit (they are the actual NPAs of the Govt.), we have been denied our share from the profits earned by us.

Anonymous said...

Initial offer by IBA suggests that GOI is not willing to settle over 15%in any way.It also suggests that wage revision is not at all happening before 2015 come what may.daily demonstration in front of all city bank branches culminating with 29th,30th and 31st dec.2013 and 1st january 2014 as full strike days can only save the lost glory of UFBU.UFBU should make it clear that talks will now not resume if the revised offer s in any way less than 20%.If such hard decisions are not taken in UFBU meet on 23rd DEC.2013,it is most likely that young bankers with full of integrity may take over.Undercurrent seems against present leadership.They can,t now befool talented younger brigade.
TCB

Anonymous said...

the coverage of media of this issue is "amazing"

KANAGARAJ JAGANATHAN said...

The UFBU shoud give notice to IBA / Govt. that all the Bank employees shall go on INDEFINITE STRIKE from 17.01.2013 until the IBA / Govt. offer wage increase of minimum of 20% first.

Anonymous said...

The lootera UFBU will never wake up. any way friends you can get a 5% increase in wages by stopping the union subscription. Perhaps this 5% percentage increase in wages by stopping Union Subscription & Levy is the best way and IBA will also be happy as they would have noting to sellout

Anonymous said...

Most likely the delay on the part of UFBU leadership is due to hefty levy which crosses perhaps 100 crores.Every time they wait for five years to reap the rich harvest .They know their integrity is always doubtful but they also know the integrity of ordinary comrades has never been.Now ordinary comrade should think of leadership at first.please please make sure to pay desired levy if deal is clinched before general election and refuse to pay levy if deal is not clinched before elections.
TCB

Anonymous said...

IMP NEWS..ATTN ATTN ATTN...

LET US WAGE A WAR AGAINST CONGRESS WHO ALL THESE YEARS FOOLED AND INSULTED BANK EMPLOYEES WITH PALTRY WAGE INCREASE. THEY INCREASED WAGES OF CENTRAL EMPLOYEES JUST LOOKING AT THE VOTE BANK. SO WE SHOULD SHOW THEM OUR STRENGTH ALSO. EVERY BANKER AND HIS EACH FAMILY MEMBER WILL NOT VOTE FOR CONGRESS IF THIS SETTLEMENT DOESN'T HAPPEN BEFORE 2014 LOK SABHA ELECTIONS WITH ATLEAST 20% INCREASE. WE SHOULD SPREAD THIS MESSAGE LIKE VIRAL TO ALL OUR FELLOW PSB EMPLOYEES THROUGH EMAIL ,WHATS UP, SMS, BLOGS ETC. LET THEM SHOW OUR STRENGTH GUYS. TAKE THIS ISSUE RAHUL & SONIYA GANDHI. OUR UNION IS USELESS. WE HAVE TO TAKE COMMAND IN OUR HANDS. SO LETS START.