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Open Letter Sent to
Mr.Venkatachalam Regarding Wage Settlement and DA Calculation
by
Aggrieved Bank Officers Bankers
"Dear sir ,
Kindly share what is right and be transparent so that members have
confidence in the UFBU, .besides pension, kindly look in to the aspect of
Base Year 1960=100 for calculation of DA for employees. The consumer
behavior has gone sea change during this period. Consumption Basket do not
have many essentials i.e.Petrol, Potato, Cooking Gas etc. All other
employees are getting their DA based on 2001=100 series whereas Bank
employees are kept in Dark and they get DA on primitive base year. We
are not intelligent enough in keeping the base year at 1960. This do not
compensate for price rise properly and as per expert the base year should
not be more than 5-10 year old. This is the reason why there is so much gap
in compensation of Bank employees vis-a-vis Central Government / PSUs etc.
If we would have awakened earlier the problem could have been arrested at
the beginning. Our leadership has been sleeping all these years since 1988.
Please take care of youngsters in Banking and they have been given peanuts
in all the settlement. The settlement should not be biased towards old/
retired. The compensation package prevailing currently is a gross
violation of the promise made to youngsters at the time of joining the Bank.
No body from the union should advise youngsters to leave the Bank for better
prospects as our leaders are unable to get a decent settlement for the
staff.
Kindly do not call for strike for non-sense reason which are other than wage
revision, regulated working hours, parity of pay /allowances across all PSBs.
As regards UFBU will take care .UFBU do not have mandate for 17.50 % wage
revision and if it has then put it to vote for members as is being done in
Brazil reported by AIBEA on website.
All youngsters in banking "
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