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11:34 am - Saturday April 21, 2018

Bank strike on Dec 27 deferred; IDBI Bank assures to settle wage revision

Agencies, Hyderabad

The strike call given by All India Banks’ Employees Association (AIBEA) and All India Bank Officers’ Association (AIBOA) on December 27 on wage revision in IDBI Bank has been deferred following the management’s assurance of settling the issue within a month.

The associations have taken the call to defer the strike following a conciliation meeting held in New Delhi on Wednesday between the Chief Labour Commissioner A K Nayak, Indian Banks Association (IBA) and IDBI Management.

AIBEA General Secretary Ch Venkatachalam and AIBOA General Secretary S Nagarajan on Thursday said the management was represented by G A Tadas, Executive Director-HR and other officials. IBA was represented by Atul Gautam, Senior Advisor, IBA, Mr K S Chauhan, Advisor (HR-IR).

The Ministry of Finance was represented by S R Mehar, Dy Secretary and Manish Kumar, Under Secretary. The AIBEA was represented by J P Sharma, vice-president and Mr Venkatachalam. AIBOA was represented by S S Sishodia, Chairman, Mr Nagarajan and Sanjay Kr Khan, Secretary.

AIIDBEA and AIIDBIOA were represented by their leaders Vithal Koteswara Rao, Ratnakar Wankhade, S A Parab, K Sathyanarayana, A K Ray and K R Sati.

Mr Venkatachalam and Mr Nagarajan stated in the meeting that wage revision has been completed in the entire financial sector, only in IDBI Bank, wage settlement has not been finalised.

Their wage revision is due from November, 2012 and another wage revision is due from November, 2017. But management is dragging the issue inordinately, they said.

The IDBI management stated that they have been holding periodical negotiations with the unions resolve the issue but they have been constrained in their offer due the present financial condition of the Bank.

The Associations replied that the settlement is due from November 1, 2012 and the financial position of IDBI Bank was very good at that point of time. Only in recent period, the Bank is facing some problems because of the bad loans for which employees should not be penalised or held responsible.

‘’We also raised the issues, including that of the wage revision in IDBI Bank, as part of industry level settlement. Also, the management should give their mandate to IBA in this regard for coverage under the 11th Bipartite settlement/officers wage revision.’’

After discussion, the management responded positively and stated that their decision in this regard will be incorporated in the wage revision settlement will be finalised for the period from November, 2012.

It was mutually agreed that in the ensuing settlement, pay scales, allowances and emoluments will be so worked out to align the same on IBA pattern with proper protection of pay/superannuation benefits and emoluments would not be to the detriment of the existing staff.

On increase in wages, the AIBEA and AIBOA said that the same should be similar to the IBA settlement under the 10th BPS and added that IDBI Bank Management informed that the issue would be addressed keeping in mind the demand of the unions and the financial condition of the Bank.

‘’On our demand to conclude the settlement without further delay, the management assured that they would take all-out steps to complete the process within a month’’.

Based on these discussions and assurances, the management and the IBA requested that the proposed strike on December 27 should be withdrawn. Similarly, the CLC also made the appeal.

‘’From our side,’’ they said, ‘’after taking into account the above developments and the assurances of the management, we informed our decision to defer the strike.’’ The CLC advised the management to proceed with the discussions with the Unions on the above lines to conclude the settlement amicably and revert back to him.

Posted in: Business

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