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NEGATIVE ROLE OF NEGOTIATING PARTIES IN BANK WAGE REVISION

 by

  K BALASUBRAMANIAN

UFBU : They are not doing justice to the cadre and simply buying time by blaming IBA. Bank employees status in salary started its downward trend  during 1986 and reached a new peak after the implementation of the VI th pay commission. Unions clinched a wage deal ranging from 10.5 to 14.5% during earlier periods and hence 17.5% wage revision with pension option to the left out  proposed by IBA seems to be very great and they are claiming this as a very great thing. This part is almost over. External relativity factor and salary level in the govt sector, public sector has gone up with  VI th pay commission  as basic yard stick .This was not taken care of deliberately by UBFU.

Now they are more interested in settling compassionate appointments and pension option to future recruits as per existing   scheme  and switch over to new scheme at later date ,very strange. These two issues are more complicated issues which IBA could not find answer . Hence as long as these two issues going to determine the fate of the settlement   means , there is no immediate solution

When banks are making huge profits and per employee business   has gone up four fold and ratio of employee cost  to total cost is at all time low what prevents them to seek parity and go for agitation if they are forced by GOVT / IBA combine. As a responsible trade union they are answerable to the cadre and they should take the spirit from the big names like Comrade Tarakeshwar of AIBEA  and  R.N Godbole of AIBOC, both commanded good respect. GETTING MAXIMUM POSSIBLE BENEFITS TO THE EMPLOYEES BY HARD BARGAINING IS THE CORRECT TRIBUTE THAT ONE CAN PAY TO THE DEPARTED LEADER OF AIBEA.   Entire trade union respected their words and sought advice from them The then political leadership also maintained good equations with them.  At that time we felt  very proud of associating with union and had a nice sleep that our leaders will take care of our welfare. To day hundreds of comments are appearing under different blogs accusing and abusing the Ufbu   leadership. The leadership is bringing disrepute to their senior stalwarts and if things continue like this bank employees will loose confidence in the trade unionism itself. Virtually nothing was moved after the historic 24th September 2009 meeting.

WHEN UFBU IS GOING TO WAKE UP? WHAT IS THE ACTUAL PROBLEM .? LET   THEM SHARE IT OFFICIALLY WITH THEIR COMRADES.  LET THEM SEEK THEIR COOPERATION IN ACCEPTING A LOWER WAGE REVISION IF IT IS REALLY GENUINE.

IBA: The name itself has become allergic to lakhs of bankmen both in service and retired. The VRS 2001 has become a grand success. with package. Actually whatever may be the reasons for the persons who opted for VRS including myself,  they really helped banking industry to come out from the doldrums. Addition of 5 years service which is   legitimate right under pension regulation was misinterpreted and VRS  optees was forced to knock the doors of various courts and finally the highest judiciary gave them justice . Even at that time it directed the banks to file appeal against the judgment. This  showed clearly the  maximum extent that IBA can go to torture the bank men that too retired who worked hard for the growth of the industry.

Knowing fully well that banks earned a profit of more than 60000 crores during the last four years, it is putting every possible hurdle, instead of being liberal. . It is showing their notorious  skills with their own employees , own department thereby showing the way for WAGE SICKNESS which can not be rectified. IBA   is also responsible for non implementation of pension updation and 100% neutralization to pre 01.11.2002 retirees opted for pension which defeated the purpose of the regulation.  It defeated each   and every welfare measure in the name of COST by skillfully negotiating and brainwashing UFBU   and got succeeded in each and every settlement . Not a single settlement was signed smoothly and every time it happened in a time lapse of more than 18 to 24 months. Enough is enough, If bank employees and pensioners status has to be improved then banking pay commission  is the only answer.  They will take the relativity theory and nature of work etc etc. Then automatically parity will come. Even the recommendation may result in better wages. This should be the last settlement to be signed by IBA. Hereafter UFBU should demand setting up a banking pay commission only there by cleverly getting the employees relieved from the clutches of IBA .

GOVERNMENT : Cleverly and clearly playing the game through its unwritten directive and in the name of briefing.  If the Government wants financial reforms including consolidation and outsourcing to cut the cost  let them call the top leadership of UFBU and make it clear that liberal wage revision, pension option , pension updation, is possible subject to the unions accepting the government conditions. Let them make it clear and leave the choice to the union. The then finance minister announced earlier in connection with  one of the SBI subsidiaries with SBI, that ALL BENEFITS INCLUDING PENSION AS APPLICABLE TO SBI WILL BE MADE AVAILABLE TO THE SUBSIDIARY OF SBI .

Why a similar announcement is not coming from the present FM who is the senior most known personality in the cabinet which the bankmen met several times. Banking is his own department and his  prolonged license is really surprising.

Similarly our respectable PM who held RBI governor post and finance secretary post etc earlier can clearly understand the  distressed mood of the employees then any body else. NO DIRECTIVE IS COMING FROM HIM ALSO.

 All the parties should make their stand openly so that the innocent bankmen who  is daily expecting some good news can have some relief.

SAVE THE BANK EMPLOYEES FROM GOING PSYCHOLOGICALLY SICK. SAVE THE BANK PENSIONERS AND TREAT THEM ON PAR WITH GOVERNMENT PENSIONERS

GIVE ONE MORE OPTION WITH PENSION UPDATION TO ALL

GIVE 100% DA NEUTRALISATION TO PRE 01.11.2002 PENSIONERS

GIVE THEM LIBERALISED  SLARY BENEFITS NOW AND MAKE THEM ON PAR WITH CENTRAL GOVT IN 2012 SETTLEMENT

FROM 01.01.2016  APPOINT EITHER A SEPARATE PAY COMMISSION FOR BANKMEN OR INCLUDE THEM IN THE VII TH PAY COMMISSION.

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