The United Forum of IDBI Officers and Employees is planning a strike on
October 24 and 25 to protest the ‘inadequate response’ to the
long-pending demand for a wage hike.
The latest offer amounted to a hike of only between 7 per cent and 8 per
cent against a demand of 15 per cent due from as far back as November
1, 2012, the Forum said.
MORE PAIN POINTS
The Forum could not accept the proposal for this and other reasons,
Ratnakar Wankhade and Vithal Koteswara Rao AV, joint convenors,
explained.
Other pain points include introduction of a concept of additional
protection allowance and withdrawal of certain pay slip components from
the date of settlement.
When combined, these would have a deleterious effect on the gross
emoluments and superannuation benefits. So the Forum had no other option
but to reject the proposal.
Similarly, the bank’s response to all other crucial issues raised by the
Forum forming part of the strike notice has been apathetic and evasive.
Individually, the officers and employees' associations have adopted
utmost restraint and used all persuasive efforts at their command to
avoid a confrontation.
“But, owing to the lack of a reciprocal approach from the bank, we have
been pushed to an inevitable situation of intensifying the agitation and
declaring a fresh plan of action culminating in the two-day nation-wide
strike,” they stated.
They recalled that after the deferred one-day strike action on May 23, many rounds of discussions were held with the bank.
PARLIAMENTARY PANEL VIEW
As responsible trade unions, constituents of the Forum did not rush with
a major escalation of action, keeping in view the larger interest of
the bank in terms of infusion of capital by the Centre and concomitant
signing of an MoU on a turnaround plan.
“We had no reason to disbelieve the assurance from the head of the
institution that he would personally intervene and resolve the issue
amicably before July. But this has proved to be futile.”
The Parliamentary Committee on Petitions, Lok Sabha, which deliberated
on the wage revision during their study visit to Goa on August 21, is
learnt to be convinced of the rationale and legitimacy of the demand for
wage hike of 15 per cent.
“The committee, to our information, was unanimous in exhorting the
representatives of the bank and the Centre to accede to the demand.”
Earlier, the Forum was informed that the bank has made provision in the
balance sheet towards impending wage revision with a 12.5 per cent load
hike.
Meanwhile, C.H. Venkatachalam, General Secretary, All India Bank
Employees' Association, and S Nagarajan, General Secretary, All India
Bank Officers' Association, have extended their support to the strike
call given by peers at IDBI Bank.
source: the hindu businessline
IDBI
BankBSE -0.47 % employees along with the members of various bank unions
would hold a two day strike later this month demanding wage revision.
The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.
Noting that the wage revision was already settled in other banks, he said, the negotiation talks were underway for ne ..
The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.
Noting that the wage revision was already settled in other banks, he said, the negotiation talks were underway for ne ..
IDBI
BankBSE -0.47 % employees along with the members of various bank unions
would hold a two day strike later this month demanding wage revision.
The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.
Noting that the wage revision was already settled in other banks, he said, the negotiation talks were underway for ne ..
The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.
Noting that the wage revision was already settled in other banks, he said, the negotiation talks were underway for ne ..
employees along with the members of various bank unions would hold a two day strike later this month demanding wage revision.
The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.
Noting that the wage revision was already settled in other banks, he said, the negotiation talks were underway for next wage revision due ..
The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.
Noting that the wage revision was already settled in other banks, he said, the negotiation talks were underway for next wage revision due ..
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