A delayed response-AIBOC writes to IBA about retirees
Minutes of the Discussion held on 23rd February 15, between IBA & UFBU
1.The wage revision will be effective from 01.11.2012.
2.The annual wage increase in salary and allowances @ 15% which works out to Rs. 4725 crores on salary slip components.
3.The new scales will be constructed after merging dearness allowance corresponding 4440 points as on November 2011, which works out to 60.15% and adding a load factor of 2% on Basic pay plus Dearness Allowance as on 31st March 2012 amounting to around Rs. 597 crores.
4. Distribution of annual wage increase between Workmen Unions and Officers’ Associations will be worked separately based on breakup of establishment expenses as on 31.03.2012.
5.Every second and fourth Saturday of the month will be a holiday and other Saturdays will be full working days. 6.All others issues of the Managements and Unions/Associations discussed during the process of negotiation will be settled to the mutual satisfaction. The parties will meet on mutually convenient dates to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus position have been reached. The parties will endeavour to finalise the Bipartite Settlement/Joint Note within a period of ninety days.
------------Sd--------- IBA & UFBU
About X bipartite settlement -Earlier event
UFBU revives 4 days strike call from 25th Feb.15.view details.
Series of Strikes from 7th January 2015 by Bank Employees-
Press Statement by BEFI-view/download
Talks between UFBU and IBA on 13th June 14- no progress view details
UFBU's memorandum to FM on 27-6-14 View/download Memorandum
IBA says UFBU's demand of 25% increase is unreasonably high;