text of UFBU Circular No. 2015/43

 text of UFBU Circular No. 2015/43  on negotiation dt. 6&7.01.2015………………

( shorter version)

Bipartite Meeting with IBA on 6th January 2015:

,,,,,,,,,,,,,,,,Subsequent to prolonged discussions, arguments and deliberations for more than 3 hours, the IBA agreed to improve their earlier offer of 11% increase (Rs. 3465 crores) to

12.5 % increase ( Rs. 3938 crores ) in Payslip components. 

With the view to pave the way for arriving at a mutually acceptable level through further discussions, UFBU agreed to revise its demand to 19.5%. 

UFBU, however, clearly informed the IBA that their revised offer of 12.5% is quite inadequate and has substantially to be improved further..  

IBA informed us that they are willing to negotiate and improve the offer

from 12.5% during further discussions.

Strike on 7th January 2015 deferred:
In view of this positive development, UFBU decided to defer the All India One Day Strike action on 7th January 2015. 
It was mutually agreed to continue the negotiations further on 7th January, 2015.

Bipartite Meeting with IBA on 7th January 2015:
In the bipartite discussions continued with the IBA on 7th January 2015, we insisted that IBA should further enhance their offer from 12.5% and also reach conclusion of reasonable settlement within short time-frame.
 IBA informed us that they would also like to continue the discussions at regular and frequent intervals to ensure completion of the entire process by middle of February, 2015. 
IBA, however, informed that they need some time for discussion amongst themselves on
the revised offer of increase and wanted UFBU also to revise its demand to reach a mutually acceptable position. 

Regarding other important issues raised by UFBU,

it was decided that Sub-Committees would be formed to discuss the following issues:
Revised scheme on 100% hospitalisation expenses reimbursement scheme to
employees/family members without any ceiling;
Modifications in Officers Disciplinary and Conduct Regulations suggested by the unions,
regulated working hours for officers, 5 Day banking, etc,
Demands raised by the Workman Unions /Officers’ Organisations in the Charter.

Pension related demands:
We also raised the issues relating to improvements in Pension related demands like
100% DA for pre-Nov. 2002 pensioners, family pension formula, periodical updation of pension, etc.
 We also suggested that DA upto 4440 points for all pensioners should be merged with Basic pension and a uniform DA formula to be applicable to all pensioners. 
We also demanded extension of DA linked pension scheme for employees recruited after April 2010.  
It was agreed to discuss all these issues further.

Bipartite discussions to continue:
To our suggestion that the meetings of the Sub-Committees should be held immediately without loss of time,
IBA agreed to the same.   To our demand for holding next round of negotiations at the earliest to carry forward the negotiations, IBA agreed and it was decided to fix up the dates looking at mutual convenience.
…………………..
Sd.  M V Murali,
Convener
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Tone of the circular:
UFBU reduced demand to 19.5% and asks IBA to improve their offer from 12.5%
Does it mean that final will not be 19.5% and it will be anywhere 
between 12.5% and 19.5%
Many comrades have for the past 6months comment that one union has
match-fixed at 13.5%
Whether other unions also go along this line?
If it happens it will be a big setback in the tradeunion movement in banking sector.

As already explained a 19 to 20% on pay slip expenditure will be equal to what we have achieved 17.5% on total expenditure.
( Just to maintain last BPS ratio we should get= 56292X10.98/100 =6180 cr
Now IBA offered only 3938 crore)
There is huge gape. Hence unions should stick to 19% atleast till last.
Do not defer next strike unless a final % is arrived.

Otherwise future strike call may not get due respect.

In my view settlement with increase of
Less than 15%=Bad
15%plus =fair(average)
20%plus =good (now ruled out)
25%plus =best (now ruled out)