Monday, February 23, 2015

WAGE REVISION SETTLED IN TODAY's MEET - 15% HIKE W.E.F 1.11.2012


In todays (23rd Feb'15) wage revision talks held at Mumbai, under 10th BPS, by Bank Unions (UFBU) with IBA has settled at 15% hike (Rs.4725 cr) w.e.f 1.11.2012.

2nd and 4th Saturday's will be holidays and other Saturday's will be full working days. Strike deferred .

Now let us hope that retirees issues will also resolved in coming days.


Click here for IBA Circular  


2 comments:

  1. Were there any promises made by either the Unions or the IBA that they would take up retiree issues ? When the existing employees themselves have been given a paltry raise after so many strikes and negotiations, would they care about Pensioners ? As it is, the Govt., (any party !) is not in favour of giving a hearing to pensioners. Like you said we can only hope !
    Regards

    ReplyDelete
  2. As pensioners, we are still in dark whether the parties have discussed any issues relating to pensioners.
    sivarama sarma
    ex syndicate bank

    ReplyDelete