read the following circular by NUBU which is not a constituent of UFBU but is a negotiating union:
NATIONAL UNION OF BANK EMPLOYEES
(Regd No.3415 / CNI dated 29-07-2011)
Administrative Office: 763, Anna Salai, Chennai – 600 002.
CIRCULAR NO.06 / 2014 DATE : 17-09-2014
MEETING WITH IBA ON WAGE REVISION TALKS
Today (17/09/2014) yet another meeting of the negotiating committee for 10th Bipartite Wage Revision took place in Mumbai, the undersigned on behalf of NUBE took part in the negotiations along with ten other unions.
Mr.T.M.Bhasin the newly elected Chairman of IBA in his initial remark gave a brief of the present banking scenario and also explained in detail about the importance of banks’ profitability and paying capacity.
Mr. Rajiv Rishi, the new Chairman of the Negotiating Committee followed it by telling that it would not be possible for IBA to agree to the demands of the Unions for a hike of 25% since the banks were not doing well and the results of the first quarter were not rosy. Further he insisted that other issues should be discussed first and then we decide on the wage factor.
NUBE strongly objected to the stand of IBA and said that postponing a cardinal issue like wage load and discussing on other issues which can be settled simultaneously is nothing but dilly dallying.
Already nearly 8.5 lac Bank men are anxiously waiting for approximately two years patiently and their patience cannot be further tested. The Chairman negotiating committee wanted the unions to reduce their demand of 25% to which some unions agreed provided IBA also raises their offer.
IBA has not offered anything beyond 11% and the meeting concluded with a understanding that we will meet shortly. The way the talks are proceeding, we do not think that there would be any progress in the days to come.
Comrades from the above it is very clear that IBA is in no mood to settle the issue amicably. Their stubbornness is only making the Bank employees restless and paving a path for agitational programmes which is not good for the Industry.
However, we are left with no other alternative than to struggle if not we will be meekly surrendering to the dictates of IBA and history will not pardon us. So let us march ahead and struggle unitedly.