TEXT OF AIBEA’S CIRCULAR NO.27/49/2014/5 DT. 17.1.2014.
We reproduce hereunder the text of UFBU
Circular No. 16 issued today on the outcome of the Bipartite Talks held between
IBA and UFBU. Units and members would
note that there has been positive developments and hence UFBU has deferred the
strike on 20/21-1-2014. We congratulate
all our units and rank and file membership for their whole-hearted preparation
for the strike which has enabled these developments possible. There is further journey ahead and many other
obstacles that we have to overcome before we achieve our demands. Let us shed complacence and shun
rumours.
Text of UFBU CIRCULAR No. UFBU/2014/16
dated 17-01-2014 :
·
Bipartite
Talks held with IBA today
·
IBA
improved their initial offer from 5% to 9.5%
·
Next
round of negotiations on 27th January, 2014
·
Strike
on 20th and 21st January 2014 deferred
We
had informed our unions and members, Vide our Circular No. 15 dated 13-1-2014,
about the outcome of the proceedings of the conciliation meeting held in Delhi
by the Chief Labour Commissioner on 13th instant. As agreed in the meeting, the IBA invited the
UFBU for discussions and the bipartite talks were held today in Mumbai in the
office of IBA. IBA was represented by Mr
T M Bhasin (CMD, Indian Bank) Chairman of the Negotiating Committee, Mr. M V Tanksale,
Chief Executive of IBA and other CMDs/EDs who are members of the IBA’s
negotiating team. UFBU was represented by the representatives of all the
constituent unions.
During
the discussions held today, after protracted negotiations, IBA finally agreed
to improve their earlier initial offer of 5% on cost of Pay slip components
(which amounted to Rs. 1575 crores ) to 9.5 % (amounting to around Rs. 3000
crores) which is exclusive of retirement benefits and other costs. The IBA also reiterated that they would
expedite the negotiations and conclude the Settlement by June, 2014. IBA further informed that the next round of
negotiations will be held on 27th January, 2014.
From
our side, while explaining the rationale behind our charter of demands, we
pointed out that their offer needs to be further enhanced before we can reach
any finality. However, looking to their improved offer and assurance to expedite the
settlement, it was decided to defer our agitational programmes and proposed
strike action on 20th and 21st January, 2014.
We
congratulate all our unions and members all over the country for their
enthusiastic preparation for the strike which has resulted in the above
outcome.
Further
developments will be informed to units after the next round of
negotiations. In the meantime, it is
necessary to maintain our unity and preparedness which alone can guarantee
accomplishment of our demands. Sd.. M V
Murali, Convener“
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY