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24-hour nationwide bank strike on December 21

24-hour nationwide bank strike on December 21

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  19 Dec 2018 10:04 AM GMT

GUWAHATI: All India Bank Officers’ Confederation (AIBOC), the apex body of Bank Officers’ trade union movement comprising over 3,20,000 members announces a nationwide strike call on December 21 demanding inter-alia, full and unconditional mandate for the XIth Bi-partite wage revision talks based on Charter of Demands submitted by four Officers’ organisations viz. AIBOC, AIBOA, NOBO and INBOC on the minimum wages concept, Focus on Core Business and NPA Recovery, Abolishing New Pension Scheme, Updation/Revision of Pension and Family Pension et al; while opposing the Amalgamation of Vijaya Bank, Dena Bank and Bank of Baroda, Merger/amalgamation of Regional Rural Banks, Attack and Assault on Bank officers across the country, Reduction of existing medical benefits, Steep hike in insurance premium of retirees etc.

It is worthwhile mentioning here that the Department of Financial Services, as early as on January 12, 2016 had urged the IBA and the member Banks to expedite the process so that the new wage structure can be implemented on the effective date i.e. November 1, 2017. In spite of this communication and also many reminders from the Government, the negotiations ultimately commenced only on May 2, 2017!

AIBOC notes with serious concern that absolutely no headway has been made in the process so far even after the elapse of 19 months since the discussions have begun. The lack of urgency becomes quite evident when one considers the fact that IBA has not been able to obtain “Unconditional Mandate”, the basic authority given by all the member Banks to IBA to negotiate on their behalf with the trade unions, from 5 Major Banks till date! It has been a practice in the Bipartite Settlements so far, to negotiate salary structure of officers up to Scale VII.

AIBOC strongly opposes the current move to restrict the salary settlements only up to Scale III by citing non-receipt of the ‘unconditional mandates’ from 5 Banks as a reason whereas as many as 15 Banks from the Public Sector and 2 Private Sector Banks have already given ‘unconditional mandates’, a press release stated.

Also Read: Bank strike on Dec 26 against mergers, pay revision

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