Send Email To Union Leaders

BY pannvalan

EMAIL TO BE SENT TO THE PARENT UNION AND THE AFFILIATED BODY AT THE NATIONAL LEVEL

Dear Sirs,

We are deeply disappointed by the pace of the wage negotiation talks and the progress made so far.  The quantum of wage hike proposed falls far below the members’ expectations.  We request you to take into account the genuine aspirations of majority of the members and also the wages drawn by people working in other sectors – Government, Public Sector, I.T, higher educational institutions (giving UGC scales), Infrastructure, Pharmaceuticals, Exports, large corporates and MNCs, private sector banks and large financial institutions.

Staff of Railways who already receive higher wages than us have beefed up their plans to go on indefinite strike to press their demands.  Many loss making PSUs pay higher wages and extend larger benefits to their employees.  Many of them pay bonus/ex gratia also, each year.

But we bank employees have sunk to the bottom of the organized sector.  Already our wages are 40% lower than that of central government employees. Against this background, the announcement regarding constitution of 7^th CPC has been made 2 years ahead of its schedule.  It has come as a rude shock to us and accentuates our worries and concerns.

Already by agreeing for merger of D.A. at 4440 points, as against 4876 points demanded, we may stand to lose 20% in our revised Basic Pay.  Therefore, any further compromise made on the quantum of hike will cause great harm to our interests – in the present and the future.

When many more new bank licences are in the offing, there will be huge exodus of talented personnel, if our compensation package is unfair and not in tune with the market rates.

Coupled with high volume of superannuation cases from 2013 onwards which will continue up to 2017, loss of talented and experienced personnel will result in irreparable damage to the ‘public sector banks’ in particular.  Unless we arrest the trend, things will go out of control and we shall not be blamed by our future generations for our mistakes and failure to take timely action.

We earnestly request you go the next round of talks to be held tomorrow, remembering all these points.  Please do not accept anything less than 30% hike in the ‘pay slip components’ as a layman understands.  In other words, we want our present gross pay to go up by not less than 30% and there shall be no ambiguity or prevarication on this count.

We request you to keep the larger interests of lakhs of bank employees in your mind, before arriving at a decision that will have a long term impact on their welfare, career and remaining part of their life.

With best regards,

(Signature)

1.    Name:

                                           

2.    Designation:

3.    Bank Name:

4.    Branch/Office: