In today’s negotiation it was expected that IBA will substantially improve their
offer to the satisfaction which fulfils the aspirations of the officers and employees working
in the banking industry. But to our utter dismay, after a protracted discussion, IBA
improved their offer by 0.50 % only i.e. a final offer of 10 % only on the pay slip
components (excluding the superannuation and other costs). The reason once again
cited for their present low offer was the stress on balance sheets of various banks. UFBU
rejected the offer made by the IBA instantly.
Immediately, thereafter the UFBU in its meeting considered this offer as too low to
have any view on that and unanimously decided to go on two days strike on 10th
and 11th of February 2014 (starting from 6.00 a.m. on 10th
of February to 6.00 a.m. of 12th February 2014).
It is also pertinent to inform you that
immediately after UFBU decided to observe two days strike, IBA has invited us for
negotiations on 13th February, 2014.
Preceding the meeting, UFBU held its meeting at SBI Central Office to discuss the plan of action to achieve the goal set.
We have reiterated that the issues raised by the management should be rejected as they affect the basic service conditions of the entire workforce directly or indirectly. Further it was also placed that “Regulated working hours for Officers, 5 days a week and Compassionate ground appointment” should not lose sight of.
3. IBA , while initiating the dialogue, reminded the participating unions to respond to the issues listed earlier ie i) C2C, ii) Hospitalisation linked to Insurance, iii) Negotiations upto Scale III Officers, as they have already offered from 5% to 9.5% though they were not having the clearance from the owners. It was categorically made clear to IBA that the issues raised by them have been already replied in earlier rounds and reiterated that the proposals are totally unacceptable to UFBU.
4. After a prolonged exchanges, as the paying capacity is restricted on account of growing NPA in the Balance Sheet coupled with provisioning of pension liability, IBA expressed that they have to stick to the offer of 10% a meager increase, against the demand of 30% increase in the pay slip component.
5. The net result of the entire exercise is to revive the 48 hours strike deferred earlier, from 6 am on 10th February 2014 to 6 am of 12th February 2014.
BKSM (SIVA SENA'S TRADE UNION WING):
IBA the talks on Wage Revision by asking all Unions to give their positive indications on the following Management’s Issues.
today surprisingly diverted
1) Cost to Company concept to be considered Xth Bipartite talks.
2) Variable Pay to be allowed.
3) Wage Revision of Xth Bipartite be applicable to only Officers upto scale Hi & 1BA may be given freehand to decide the wages/pay scales of Officers above scale III.
4) To accept the scheme of Medical Insurance proposed by IBA with the assistance of
Private Insurance Companies.
All Unions have debated and opposed this aspect & insisted on IBA to first settle our Wage Revision but yet IBA kept on harping on following points to desist from offering a new commitment on Wage Revision.
a) The financial positions of Banks are not good & may get a hit due to heavy provisions
due to increasing NPAs.
b) To evaluate the Pay-in-capacity of each Bank.
c) To study the reasons of reducing Profits, quarter by quarter.
These points to well debated but it could not result in IBA increasing their earlier offer of 9.5% on Pay slip.
On continuous persuasion by all Unions IBA revised its earlier offer by 0.5% i.e. increased its earlier offer from 9.5% to 10.0% of the Pay slip. IBA also stated that it will place this issue & have discussions in its Managing Committee. This was also not appreciated by all Unions & we expect that IBA will further upwardly revise it in the next meeting.