Wage Settlement Signed Bank Strike Called Off

I congratulate leaders associated with UFBU for wage settlement . I congratulate to all who contributed in expeditious settlement , directly or indirectly. Tentative table also submitted depicting likely increase . But it is not authenticated and official. Please wait till final shape takes place on various components of pay structure after revision.

10 वाँ द्विपक्षीय समझौता के महत्वपूर्ण बिंदु:
1. यह वेतन संशोधन दिनांक 1.11.2012 से लागु होगा।
2. वेतन और भत्तो में वार्षिक वेतन वृद्धि पेयस्लिप घटक पर 15% होगी जिस पर ₹4725 करोड़ का अतिरिक्त व्यय होगा।
3. नए वेतनमान का निर्धारण नवंबर 2011 से महँगाई भत्ते का 60.15% अर्थात् 4440 बिंदु पर शामिल करके और 31 मार्च 2012 से मूलवेतन व महंगाई भत्ते में भार कारक का 2% जोड़कर किया जायेगा।
4.कामगार यूनियन व अधिकारी संघ के बीच वार्षिक वेतन वृद्धि का वितरण 31.03.2012 से स्थापना व्यय के विश्ल...ेषण के अनुरूप किया जायेगा।
5. प्रत्येक द्वितीय और चतुर्थ शनिवार को अवकाश तथा मास के अन्य शनिवार को पूर्ण कार्य दिवस होगा।
6. प्रबंधतंत्र तथा यूनियन के बीच बातचीत के दौरान चर्चित मुद्दों पैट समझौता इनकी आपसी सहमति से संपन्न होंगे।
7. दोनों पार्टियां द्विपक्षीय समझौतों/संयुक्त नोट को 90 दिनों के भीतर अंतिम रूप देने का प्रयास करेंगी।

PSU bank employee unions withdraw strike call, settle wages-Business Standard-23.02.2015 5.pm

Press Trust of India

 

Employee unions of public sector banks today withdrew their strike call following an agreement with the management on 15 per cent wage hike.

"In today's talks, wage revision settled at 15 per cent with effect from November 2012," United Forum of Bank Unions (UFBU) Convener M V Murali said.

The bank unions had threatened to go on 4-day nation-wide strike from February 25 demanding 19 per cent hike in wages. The wage hike was due from November 2012.

At a meeting today in Mumbai, PSU banks employee unions and bank management, Indian Banks' Association (IBA), agreed on 15 per cent wage hike and entered into an agreement for it.

National Organisation of Bank Workers (NOBW) Vice President Ashwini Rana said: "We are not happy as our expectation was that bank staff would get what was given to them last time -- 17.5 per cent increase in wages".

The bank employees will now also get holidays on two Saturdays in a month.

"Long pending demand of holiday on second and fourth Saturdays for the bank employees have also been reached," AIBEA General Secretary C H Venkatachalam said.

Last week, Finance Minister Arun Jaitley had appealed to bank employee unions to call off their strike as talks were on for a revision of wages of employees.

The Minister said banks are already in negotiations with their unions and associations for wage settlement and "the bipartite negotiations in a cordial manner is the only available tool for settlement".

The wage revision of public sector bank employees has been due since November 2012.

Earlier, unions had deferred one-day strike scheduled for January 7 as IBA improved the wage hike offer to 12.5 per cent from 11 per cent earlier.

There are 27 public sector banks in the country with a combined employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country.

 

Link Business Standard

 

Following Table is collected from Facebook . It appears to be highly inflated. Actual arrear will be much less than what is shown the table. As such it is not reliable and should not be considered as indicative of arrear out of wage settlement actually arrived at. Please wait till some final shape on various pay slip components emerges after fresh sitting of IBA and UFBU. 15 % rise may result in 5 % to 25 % rise , it all depends how various groups of unions distributes the overall wage load agreed by IBA and UFBU on 23.02.2015