WAGE REVISION-TALKS HELD WITH IBA ON 18-10-2019
UFBU CIRCULAR :
" One more round of Bipartite meeting was held yesterday between IBA and UFBU.
IBA team was led by Shri. Rajkiran Rai. G (MD-CEO, Union Bank of India), Chairman of the Negotiating Committee and from UFBU representatives of our 9 unions were present.
Continuing the discussions held in the last round of meeting on 17-9-2019,
* The IBA stated that their offer of 12% hike in payslip cost would amount to Rs. Rs. 6,319 crores.
They further stated that including the cost of superannuation benefits, the total cost would come upto Rs. 11,865 crore as on 31-3-2017 which is a substantial cost and hence unions should settle at this.
* Regarding 5 Day Week, IBA stated that looking to the views of some important stake holders, it may be difficult to agree for the same.
* IBA indicated that they are positive to consider improvement in the Family Pension Formula but observed that updation of pension would involve substantial cost and hence may not be possible at this stage.
* IBA stated that our demand for merger of Special Allowance with Basic Pay would entail additional cost on superannuation benefits and hence would not be able to commit on that.
* IBA also wanted the suggestions of the UFBU on their proposal of Performance Linked Incentive Scheme and that they are open to discuss our suggestions.
* Reacting to a court case filed in Madurai by an individual officer, IBA informed that the procedure to implement the Code on Wages is yet to be finalized by the Government and in any case it is not applicable to banking sector as wages in banking sector are already above minimum wages level.
IBA also wanted clarification from the Unions as to whether any of our Unions are a part of the petition in the court case.
From side of the Unions, views were expressed mainly highlighting the following:
* Wage revision settlement should be expedited and not delayed further
* IBA's offer for 12% is not adequate to reach an understanding and hence it should be improved further.
* As CODs submitted by Officers' organizations were devised to achieve the pay scales enjoyed by the Central Govt officers the same needs to be revisited.
* Full mandate upto Scale VII should be given by all banks
* Special Allowance should be merged with Basic Pay
* Suggestions/ views on PU scheme would be given in due course in the backdrop of clarification given by IBA that it would be over and above of the wage revision component.
* For those covered by NPS, Bank's contribution should be 14% on Pay+ DA.
* 5 Day Week should be introduced
* Improvement in Family Pension should be considered favourably.
* Data of pension to be shared with us to enable Unions to work the cost of revision/ updation of family pension/ pension to discuss the issue further.
In the meantime, pension of all pensioners should be linked to common Index level of 6352 points.
* In Madurai Court case, none of our unions are petitioners, and some unions are only respondents.
* Efforts should be taken to reduce the premium on medical insurance scheme for retirees including waiver of GST and by grant of some subsidy from the Banks.
We also suggested holding of the meeting of the Small Committee for Workmen and Officers on non-financial issues including disciplinary proceeding/ staff accountability policy for officers, etc. so that the concerned issues could be taken up in that meeting. IBA agreed to the same.
We also took the opportunity to take up the issue of IBA's guidelines and consequent decisions being taken by different SLBCs on uniform business hours, cash transaction hours, increase in number of clearing Grid holidays etc.
IBA informed that they would discuss amongst themselves and react to our viewpoints at the earliest and expressed the hope that a finality would be reached at the earliest on all the issues and demands.
Comrades, the negotiations are entering a crucial phase.
Maintain your calm and unity so that we bargain the best possible settlement of our demands."
With greetings,
Convenor
UFBU
UFBU CIRCULAR :
" One more round of Bipartite meeting was held yesterday between IBA and UFBU.
IBA team was led by Shri. Rajkiran Rai. G (MD-CEO, Union Bank of India), Chairman of the Negotiating Committee and from UFBU representatives of our 9 unions were present.
Continuing the discussions held in the last round of meeting on 17-9-2019,
* The IBA stated that their offer of 12% hike in payslip cost would amount to Rs. Rs. 6,319 crores.
They further stated that including the cost of superannuation benefits, the total cost would come upto Rs. 11,865 crore as on 31-3-2017 which is a substantial cost and hence unions should settle at this.
* Regarding 5 Day Week, IBA stated that looking to the views of some important stake holders, it may be difficult to agree for the same.
* IBA indicated that they are positive to consider improvement in the Family Pension Formula but observed that updation of pension would involve substantial cost and hence may not be possible at this stage.
* IBA stated that our demand for merger of Special Allowance with Basic Pay would entail additional cost on superannuation benefits and hence would not be able to commit on that.
* IBA also wanted the suggestions of the UFBU on their proposal of Performance Linked Incentive Scheme and that they are open to discuss our suggestions.
* Reacting to a court case filed in Madurai by an individual officer, IBA informed that the procedure to implement the Code on Wages is yet to be finalized by the Government and in any case it is not applicable to banking sector as wages in banking sector are already above minimum wages level.
IBA also wanted clarification from the Unions as to whether any of our Unions are a part of the petition in the court case.
From side of the Unions, views were expressed mainly highlighting the following:
* Wage revision settlement should be expedited and not delayed further
* IBA's offer for 12% is not adequate to reach an understanding and hence it should be improved further.
* As CODs submitted by Officers' organizations were devised to achieve the pay scales enjoyed by the Central Govt officers the same needs to be revisited.
* Full mandate upto Scale VII should be given by all banks
* Special Allowance should be merged with Basic Pay
* Suggestions/ views on PU scheme would be given in due course in the backdrop of clarification given by IBA that it would be over and above of the wage revision component.
* For those covered by NPS, Bank's contribution should be 14% on Pay+ DA.
* 5 Day Week should be introduced
* Improvement in Family Pension should be considered favourably.
* Data of pension to be shared with us to enable Unions to work the cost of revision/ updation of family pension/ pension to discuss the issue further.
In the meantime, pension of all pensioners should be linked to common Index level of 6352 points.
* In Madurai Court case, none of our unions are petitioners, and some unions are only respondents.
* Efforts should be taken to reduce the premium on medical insurance scheme for retirees including waiver of GST and by grant of some subsidy from the Banks.
We also suggested holding of the meeting of the Small Committee for Workmen and Officers on non-financial issues including disciplinary proceeding/ staff accountability policy for officers, etc. so that the concerned issues could be taken up in that meeting. IBA agreed to the same.
We also took the opportunity to take up the issue of IBA's guidelines and consequent decisions being taken by different SLBCs on uniform business hours, cash transaction hours, increase in number of clearing Grid holidays etc.
IBA informed that they would discuss amongst themselves and react to our viewpoints at the earliest and expressed the hope that a finality would be reached at the earliest on all the issues and demands.
Comrades, the negotiations are entering a crucial phase.
Maintain your calm and unity so that we bargain the best possible settlement of our demands."
With greetings,
Convenor
UFBU
Shameful UFBU
ReplyDeleteIBA - Kindly announce second instalment of adhoc arrears. The only source to get our arrears is GOD IBA.
ReplyDeleteIBA - ZINDABAD
Haahaa
ReplyDeleteWe must feel happy after going through the circular. IBA is firm in expressing their views .They can not go for 5 day week. They can not go for updation of pension. They can not go for merger of special allowance with basic. In response , our efficient union leaders are only begging and requested for early settlement.What a shame.These union leaders are weak and do not have capacity to counter IBA.Better agreement is not possible with these spineless veteran union leaders.
ReplyDeleteYes I agree with you... What is mean of bargain.. Our demands should be solved... But here we are begging... what is this???
DeleteExactly correct
ReplyDeleteIBA zindabaad UFBU murdabad murdabad
ReplyDeleteSpineless UFBU leaders better to beg in street
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteBankers are requested boycott on ufbu. Ufbu is cheating to bank employees also not give levy to union.employees should start non cooperation to management.
ReplyDeleteWhat bipartite
ReplyDeleteIBA stated that they are unable to go for pension updation due to substantial cost at "this stage". Then when they will be able to consider pension updation?. Can anybody guess ?
ReplyDeleteThere are other forms of agitation also available to employees...refuse or volunterrially done give cross selling business..dont go login days and avoid pressure for completion of task and leave office on time.dont follow whatsup or telephonic mandates..
ReplyDeleteUFbU convenor can guess
ReplyDeleteAt least spl allowance should merge with basic pay
ReplyDeleteRascal union
ReplyDeleteUFBU SHOULD DISCUSS IN DETAILS AND INFORM CLEARLY TO IBA UNLESS
DeleteTHEY ACCEPT THOSE ISSUES DECIDED
By UFBU INCLUDING UPDATION OF PENSION DISCUSSION IS NO USE.BANK'S FUND IS LOOTING BY BIG BUSINESSEX HOUSES WHO ARE FRIENDS OF GOVT.TEAM.ASK THEM TO
BRING BACK THOSE MONEY TO IMPROVE BANK'S HEALTD WITHOUT
SITING UNABLE TO SETTLE DEMAND.
We should struggle for our demands and all the bankers should show unity .It is the only way to survive in the industry.The people who blame unions are actually weakened the unity which the government wants. So it the time to cooperate with unions .
ReplyDeleteOur struggle will not be fruitful because of these spineless worthless veteran leaders. They do not have that much capacity to compel IBA to accept our demands. It is now understood that our powerful four officers union withdrawn their two days strike without getting any assurance from finance secretary.They have simply befooled their members.
DeleteWe should fight for selecting the leades. We should not blame unions.
ReplyDeleteCorrect, we should fight for proper elections for selecting
Deleteunion leaders
It is very shameful on the part of union leaders .They are beggers.they have already taken bribe for selling the interest on bank men.all should left the inline .No levy.
ReplyDeleteIt is very shameful on the part of union leaders .They are beggers.they have already taken bribe for selling the interest on bank men.all should left the inline .No levy.
ReplyDeleteThis is bipartite fooling
ReplyDeleteBewkuf leaders , strike kaise deffer KR diya
ReplyDeleteAll the reply by IBA is in negative tone.
ReplyDeleteIt is wise to forget about wage revision in the banking sector.
When everything is not possible why wage negotiation. IBA bastards
ReplyDeleteWe have to send Vijay mallya for bipartite settlement.Then only bankers can get justice
ReplyDeleteIn a period of two years IBA and UFBU is unable to reach the decision for settlement of Bank wages and other related matters. My questions is that why bank employees are taking banking decision in so fast ? They also resort the path of Bank management and IBA way of decision taking stand like wage revision . Whether increases of bank wages is the necessity of trade union leader or Bank management . The answer is bank management that they should give
ReplyDeletecompetitive wages and other benefits to bank staff as compared to the private banks to sustain in the industry.
Today the financial position of Public sector bank is looked to be bleak mainly due to huge NPA of large/ big corporate loan. Who is responsible ? The Govt. and law of land. As per norms , NPA can be for the time being but it should not be in any way erode the net worth of the borrowers and also bank loan. In every NPA account diversion is there for which bank is making huge provision out of operating profit and some time bank booking losses. There is no punishment system to the bank defaulter and whatever the present law like NCLT encouraging borrower to go in this route by deliberately making the account NPA in new new cases. My question to the Govt. that if a person is failed to pay required tax, what is the law in land for getting required tax and why such type of law is not there for bank defaulter . Bank money is not the Govt. money ? In the same land when Govt. for there earming make a different law than the law for wilful bank defaulters. If we can not minimise the loan defaulter, the health of bank will not improve and whatever the service of bank staff to be looted by uncrupulous borrower with the connivance of top management selected by the Govt. Machinery and its law of land . Pl try to dig to the points why bank employees are not getting adequate wages and other benefits ?
It is better to talk to Neerav modi or vijaymallya for wage revision talk so that they have more commitment than IBA or ufbu
ReplyDeleteWho are leaders to represent bank employees please write down
ReplyDeleteWhat was outcome of the meeting. This can be done over phone also. Leaders arerequesting and IBA is declining. Is it called negotiation. Pl circulate date of much taunted indefinite strike
ReplyDeleteWhy IBA are not considering minimum wage issue .Are bankers really getting real employee salary as of school teachers , central government employees .Its a shameful thing .What IBA saying our leaders are .......
ReplyDeleteUFBU is acting as beggar instead of demanding our rights as a boss. Without employees there will be no bank, if we start to work without taking risk and minimize the lending then it won't be employees who will have to bear the loss. Instead bank management and govt will be in a tight spot. If we don't work whole heartedly then govt will have to keep infusing funds to PSBs so that their schemes get implemented. A happy mind can do wonders and a depressed one can do blunders!!!
ReplyDeleteNice drama. No guts to go indefinite strike.
ReplyDeleteIndefinite strike is only the solution for all bankers to have good settlement.
I don't understand what these unions are waiting for?
ReplyDeleteModi murdabad
ReplyDeleteWe are just protesting on social media which is of no use , The worst part is no leader to go for strike , they will simply settle for 15% that is fixed and we will just share and tweet for one month and everyone forgets .
ReplyDeleteWhy the fuck salary of po is less than aao even when po do both insurance and banking. Why there is not five day week even when Lic and every central department is having this. Why the unions are agreeing what they being told are they even thinking from bankers point on view.
ReplyDeleteLIC is not having 5 day week. Only 2nd and 4th Saturdays are off.
DeleteFor promotion in lic from aao (scale 1) to ao(scale 2), it take 8 years,ao to adm(scale 3) it takes 11 to 13 years ... consider this too...
DeleteLatest breaking news......
ReplyDeleteVijay Mallyaa has given a direct offer to IBA and UFBU from London......He will bear the entire cost of 15% wage hike including full merger of sp.pay with basic and full pension updation. In return he should be given clean chit by all banks(loan waiver)
Updated breaking news......
ReplyDeleteNiran Mody has given a counter offer.....he will bear the entire cost of 20% wage hike if he is given clean chit by Banks.
Final breaking news......
ReplyDeleteAnil Ambani given a MASTER OFFER....He has offered 30% wage hike PLUS he will also pay entire levy on behalf of all staff provided he gets 100% loan waiver and all leaders of UFBU polish his boots for next 5 years everyday.
UFBU has immediately agreed for this proposal (considering that it is much better than licking the boots of IBA).
IBA decision awaited.
Mukesh Ambani has made a secret deal with IBA and given his proposal which was immediately accepted by IBA.
ReplyDeleteIBA has rejected all the above 3 offers given by Mallya Nirav and Anil and has come up with a GRAND PROPOSAL.....all psu banks to be sold to Mukesh Ambani for free. He will bear all the NPA cost.
All existing staff will be removed. Fresh recruitment will be done. Existing staff has been offered jobs of chaprasi, doorkeeper watchman safaiwala office peon etc. depending upon their respective cadre from clerk to GM
Pls don't write comments and waste your time no one care what we write
ReplyDeleteIt is called unilateral settlement and not bipertite
ReplyDeleteUFBU :- Useless Forum of Beggars Unlimited.
ReplyDeleteAs per ibas response every demand including 15% wage hike, 5 day banking has been refused by iba. Special pay merger with basic pay too seems impossible.
ReplyDeleteHave the union leaders done anything worthwhile than transforming liters of tea and kilos of samosas into excrement.
ReplyDeleteThe UFBU does not seem to be doing any 'negotiating' here. This has just been a rehash of the same talking points for the past two years. Also now we don't seem have 5 day week because the management wants to talk to 'stakeholders'. Who are these venerable stakeholders who seem to hold our entire lives in their hands?
Why are we even members of these selfsame unions if the unions don't want to even exert the base amount of effort to bring our side of the discussion to the forum?
We should go for indefinite strike if we really want good settlement
ReplyDeleteIndefinite Strike is only remedy for good settlement
ReplyDeleteTake lic union leaders for discussion with iba they r far better than our useless ufbu leaders
ReplyDeleteDear Comrades PRAY GOD FOR WAGE SETTLEMENT
ReplyDeleteAfter bank wage settlement LIC employees will get 25 percentage wage revision
ReplyDeleteMadurai court case ?
ReplyDeleteWhat happened ?
Dil Pe mat le yar dil pe mat le....
ReplyDeleteLike Loan in 59 minute, salary revision in xx months
ReplyDeleteUnion leader, only involved in second line of business i.e. land sell-purchase through creating co-op & misused membership fund.
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Loan in 59 MINUTES and bipartite negotiations in 59 MONTHS ???
ReplyDeleteWhich year is the next LUNCH MEET ?
Bluffing game
DeleteAll bank employees beware in the next wage settlement 10% below wages . UFBU leaders may beg
ReplyDeleteWe want descent wage revision equilent to LIC.ok
ReplyDeleteI am an LIC employee. We give 26000 crores of net profit. Go and c mirror
DeleteBecause of large base of financially illiterate people.
DeleteCome meet me i will show u the real mirror. Ek baar paise bhare to nikalne bade mushkil..
Panga mat le Lic employees ke sath. Sharam karo. We are bailing out banks like idbi. If required we can buy sbi
DeleteY LIC is set as standard...we should get at least equivalent to central government pay scales..
DeleteOtherwise all leaders should bearit.I also request all bank employees not to give levy to unoins
ReplyDeleteIffat all you are not giving levy next wage settlement may be in Nov 2022itself
ReplyDeleteModi requires all help from bank employees but when baank employees demanding legitimate increase in salaries he reject it is this double standard
ReplyDeleteCorrect
DeleteLic boasting of profits do they conduct loan melas or wave loans of lakhs of crores or disburse educaions loans npas or do they open policies with zero amt.thousands of unclaimed amts are lying with them or they face demonitisation or sanction loans on phone calls of politicians. Baat karte hain
ReplyDeleteLic is really bogus business. They invest entire policy premium in stock markets. Banks don't invest single paisa in stocks.
ReplyDeleteLic policy returns are not more than 4 to 4.50%
What risk do lic staff has ZERO.
LIC does not give single naya paisa loan to anybody.
Lic staff doesn't sell gold bond mutual funds etc. No late sitting at all.
99% business is readymade brought by hardworking agents.
Why 1.34 lacs staff is required to run LIC when 99% of business is brought by agents.
When you know so much about lic, y don't you apply for govt nominee director post of lic. Or at least AO of lic?? Y are you sitting of poorest Banking scale which is less than sub staff of central govt. Forget Lic which will be the highest paid job in next one year. Useless loss making people compare with highest profit giving gem organisation.
DeleteNow its confirmed that LIC staff is mentally handicapped. May I dont know only 19% people have LIC policy as against 99% ,people have banking relation either deposit or loans. Banking is life line of economy.
DeleteCorrect. Lic staff maximum home loan is 20 lacs whereas even bank chaprasi gets 30 lacs staff home loan and bank officers get 100 lacs. Enjoy
DeleteOnly bank employees are scoundrals of this country and they simply come and go and got salary without doing anything .This is the version of mody sir
ReplyDeleteDo agree our fellow workers
ReplyDeletePlease write anything do you think that our so called leaders will give anything
ReplyDeleteवेतन वार्ता आईबीए के साथ चल रही है और हम कहां दिशा भटक रहे हैं बैंक और एलआईसी की कार्य करने की परिस्थितियां अलग अलग है और उनकी लाभप्रद अता भी अलग-अलग हे फिर भी हम दोनों फाइनेंशियल इंस्टीट्यूशन है समय-समय पर हमने संयुक्त रूप से संघर्ष किया और आगे भी करते रहेंगे कृपया वेतन विवाद को आपसी रंजिश में ना बदलें
ReplyDeleteWage hike no.spl. pay merger no.pen. updation no.5 day week no.family pen udation yes&no.then what yes? Only next meeting and pli yes. Great is it
ReplyDelete24 months over no settlement. Does officers association indefinite strike from 2nd week of November stands??
ReplyDeleteNo
ReplyDeleteIBA wants charter of demand for next i.e.12th wage revision
ReplyDeleteUFBU leaders responded positively because they all are in full of drunkan
ReplyDeleteYes
ReplyDeleteNext Breakfast date please
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteअपने demond पर ध्यान दो काहा LIC के बरोबरी करते है LIC देश की एक नंबर financial इन्स्टिट्यूट।है. मराठी त एक म्हण आहे। नाचता येईना अंगण वाकडे.दोन दोन वर्ष वेतनवाढ होत नाही लाज वाटायला पाहिजे ufbu leader ला.
ReplyDeleteLIC = LIFE IN COMFORT
ReplyDeleteIf LIC is so great then why LIC staff are writing on this bankers forum ? This shows they are jealous and don't have anything of their own. Anybody having guys....answer my simple question....what is need of 1.34 lac staff when 99% businesses brought by LIC agents ????
ReplyDeleteLIC is Laughable Ignorant Coolies
ReplyDeleteWhy useless creatures of LIC spending time on bankers forum. Just think
ReplyDeleteDon't abuse lic, learn from their leaders how to get good wage revision
ReplyDeleteDon't abuse lic learn from their leaders how to get a good wage revision
ReplyDeleteWhy are you doing intellectual potty on our bankers forum ? Go to LIC toilet
DeleteWhy my simple question is unanswered .....why require 1.34 lacs LIC staff when 99% business is brought by agents ???
ReplyDeleteAre o "C" despite 1.3 lacs employees their management expenses is very low so they can afford. It is the job of their board of directors to decide employee strength and not yours. Can a person of higher salary ever get jealous of a person with lower salary. Fool. 33 PSB serving 95 percent of population I.e 3-5 percent each bank. One single Lic serving 20 percent of population. Just imagine the volume idiot. 26000 crores of net profit each year consistently
Delete5 day banking is a must n should otherwise come out of unions n deregister in the unions
ReplyDeleteLIC ..... The group of useless people...
ReplyDelete