Outcome of UFBU Meeeting dt.15.07.2014

BEFI CIRCULAR:

A meeting of UFBU was held today in Mumbai, participated by all of its constituents. Com A.K. Ramesh Babu, our President, Com G.M.V. Nayak, our Vice-President and the undersigned attended. 

After taking stock of the situation, in relation to wage revision, UFBU decided that it will demand of IBA to immediately fix next date for bipartite talks on wage revision and to expedite the process for an early settlement. 

UFBU also decided to chalk out strategies to secure early wage revision. 


On our behalf, we suggested that, in view of the developments taking place in the 
industry in the name of reforms, UFBU has to chalk out campaign and agitational 
programmes, short of strike, lest the employees are caught unprepared in the face 
of sudden/major change of situation, and go for higher form of action. The meeting 
took note of our views and decided to keep close watch on further developments 
and to act as may be warranted

Pradip Biswas G.S.

UFBU Circular:

The representatives of Constituent Unions of UFBU met on 15^th July 2014 at Mumbai, subsequent to the submission of Memorandum to the Hon’ble Minister of Finance on 27^th June 2014, to discuss and decide on the strategies to be adopted for early conclusion of wage settlement.

The meeting observed a minute’s silence as a mark of tribute and paid homage to Shri Ajay Sehgal, Chief Manager of Punjab National Bank, who committed suicide by jumping in front of a train due to the humiliation and constant harassment of his senior officials.  The meeting also passed a unanimous resolution condemning the humiliation and harassment meted out to Shri Ajay Sehgal that has resulted in his untimely death and irreparable loss to his family members.

Thereafter, it was deliberated at length on the future course of action and strategies to be adopted for expeditious wage settlement. 

The meeting expressed its unhappiness on the silence of IBA despite a lapse of more than a month since last meeting on wage negotiations and noted with concern the lackadaisical attitude of IBA in not conducting the meetings on wage negotiations regularly.

The representatives of constituent unions extensively discussed on all the major issues concerning wage revision such as wage components, method of arriving at the cost and other issues such as Five-day banking, regulated working hours for officers, Health Insurance, improvements in pension/family pension schemes, etc. and unanimously decided to approach IBA with a consensus view on all the issues. 

Subsequent to the meeting with Shri Arun Jaitley, Hon’ble Minister of Finance, Government of India by the delegation of UFBU on 27^th June 2014, keeping in view the pre-occupation of the Government on account of parliament session, submission of budget and requirement of reasonable and sufficient time to examine our issues, the representatives of constituent unions felt that UFBU shall approach the Government once again for its intervention in the matter for early wage settlement.

The meeting also deliberated upon the reforms in the banking industry, more particularly arising out of recommendations of P J Nayak Committee, such as reduction in Government share-holding, merger of banks, etc. and decided to consolidate views and express concerns to the Government and decide further course of action thereafter.

The meeting unanimously decided as under:

(i)                  To send a communication to IBA for conduct of Meeting on wage negotiations immediately without any further delay and also for conduct of such meetings at frequent intervals;

(ii)                 To approach Government once again seeking intervention of Hon’ble Minister of Finance towards expeditious wage settlement;

Comrades, the impediments in wage negotiations are known but nothing can stop us from achieving a respectable wage revision.   Let us march ahead with full determination and commitment to reach our goal.  Let us be in readiness always for further agitation programmes, if need be, including strike actions.

Sd.. M V Murali, Conveneor.