UFBU Writes Lovely Letter To IBA For Wage Revision

UFBU Letter to IBA

The Chief Executive, 

Indian Banks' Association, 

World Trade Centre Complex, 

Centre 1, 6th Floor, 

Cuffe Parade, MUMBAI.

Dear Sir,

TENTH BIPARTITE WAGE REVISION NEGOTIATIONS

The meeting between the Negotiating Committee of IBA and the representatives of UFBU was last held on 13th June 2014 and was inconclusive on account of contradictory views in the matter of percentage increase in wages. Despite the assurances of IBA during the conciliation meeting held on 13th January 2014 that further meetings shall be held at regular intervals, say fortnightly, to settle an early wage revision, the holding of wage negotiation meeting with us is being unduly delayed.

2. The above issue was seriously considered in the UFBU Meeting held yesterday, i.e., 15th July 2014, in Mumbai and the UFBU expressed its unhappiness over the undue delay in the wage negotiations. We, therefore, request for conduct of wage negotiation meeting at the earliest and also to ensure conduct of such meetings at frequent and specified intervals for early conclusion of wage revision settlement.

3. Please acknowledge receipt of this communication and advise us the developments in this regard.

With best regards,

Yours sincerely, 

Sd/-(M.V. MURALI) CONVENOR "

Details of (i) Meeting with IBA (ii)UFBU Meeting.....

Meeting with IBA on Charter of Demands – Disciplinary Rules/Procedures for Officer EmployeesA meeting of the Three Member Committee constituted by Indian Banks Association to look into the issue of Disciplinary Rules/ Procedures for officer employees, as demanded by us in our Charter of Demands, was held with IBA on Monday, 14th July,2014. 

We urged upon IBA the need for a thorough review of the existing Rules & Procedures. We insisted on the necessity to put an end to the prevailing undue delay in commencement and conclusion of the disciplinary cases, quantum of punishment imposed disproportionate to the offence committed, undue delay in lifting suspension, enhancing subsistence allowance payable on suspension, denial of certain facilities to officers on suspension, revoking Reg:20(3)(3) and not permitting the officer to retire, denying his rightful entitlements viz. gratuity, pension, leave encashment etc.

The IBA Team heard our submissions carefully and meaningful discussions followed. They wanted us to quote various issues raised with illustrations and submit a detailed Note to them for the consideration of the Managing Committee of IBA. We shall do so immediately. 

During the course of the meeting, we also impressed upon IBA the need to discuss our long pending demand of Regulatory Working Hours for bank officers. IBA desired an Approach Paper on this issue. We shall be submitting the same shortly. 

UFBU Meeting We also wish to inform that a meeting of the United Forum of Bank Unions was held in Mumbai on 15th July,2014, to review the developments on Wage Revision Negotiations and chalk out strategies to secure early and better Wage Revision. Details will follow.

With greetings, 

Yours sincerely, (K.K.NAIR)
GENERAL SECRETARY

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