DETAILS OF TALK BETWEEN UFBU AND IBA ON 14/12/2013

Full text of Circular No. UFBU/2013/11, dated 14.12.2013,

  issued by United Forum of Bank Unions

 -----------------------------------------------------------------------------------

  “Further to the call given by UFBU for All India Strike on 18th December, 2013,

 IBA held discussions with UFBU today in Mumbai. IBA was represented by Mr. T

 M Bhasin, Chairman of the Negotiating Committee, Mr. M V Tanksale, the newly

 appointed Chief Executive of IBA and other members of the Negotiating

 Committee. From UFBU, representatives of all our constituent unions were

 present.

From the IBA, it was stated that looking to the stress on the profitability of the

 Banks, the increasing cost on account of pension, the declining profits, etc, it

 would be difficult to take any additional cost on account of wage increase. From

 our side we explained that on account of high inflation and unabated price rise

 and also keeping the increase in the operating profits of the Banks, the

 employees and officers deserve adequate increase in their wages. After a lot of

 discussions, IBA stated that they would be able to offer an increase of 5% over

 the wage expenses covered by the payslip components and that the offer is

 exclusive of the cost on other components including superannuation benefits.

IBA also stated that in regard to officers, they would like to cover the

 discussions only upto Scale III officers. They further stated that the Government

 is not in favour of our demand for introduction of 5 Days Banking. Regarding

 compassionate appointment scheme, they informed that the matter is still under

 consideration of the Government.

In view of this, we informed the IBA that their offer falls too short of our

 demand and expectation and hence not acceptable to us. We urged upon the

 IBA to substantially revise their offer to reach an acceptable position. IBA could

 not do so but requested us to withdraw the agitation and continue the talks.

 Since their offer was too low and not acceptable to us, it has been decided to go

 ahead with our strike action on 18th Decembver, 2013.

Hence all our unions and members are requested to implement the

 strike action on 18th December 2013 and make it a total success.

UFBU will meet on 23rd instant to decide on further course of action to achieve

 our demands.”

  Sd/-

  (M.V.MURALI)

  CONVENOR