AIBEA CIRCULAR NO. 27/53/2014/9 20th February, 2014
TO ALL UNITS & MEMBERS
TO ALL UNITS & MEMBERS
Dear
Comrades,
We reproduce herein the text of UFBU’s
Circular No. 20 on the proceedings of the UFBU meeting held in Mumbai yesterday
i.e. 19-2-2014. Next round of Bipartite
Talks has been fixed by IBA on 3rd March, 2014. Further developments will be informed to
units in due course.
With greetings
Yours
Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
C.H. VENKATACHALAM
GENERAL SECRETARY
UFBU CIRCULAR No. UFBU/2014/20 dt. 19-2-2014
UFBU’S REVIEW MEETING HELD TODAY
The
representatives of the constituent Unions of UFBU met today at Mumbai to review
the situation subsequent to the historic success of 48 Hours’ All India Bank
Strike from 6.00 a.m. on 10.02.2014 to 6.00 a.m. on 12.02.2014 and also to
decide on future course of action for expediting the wage revision at the
earliest.
All
the representatives have expressed in one voice that the two days’ strike was
responded massively by the bankmen all over the country and placed on record
their highest appreciation and congratulated the entire membership of UFBU for
the historic success. Quoting the
massive participation of bank employees and officers in the demonstrations,
rallies and processions held all over the country as part of agitation
programmes on the strike days, the representatives expressed that the total
participation has clearly displayed the frustration in the minds of employees
on the undue delay in the wage negotiations despite the fact that UFBU is
making all out efforts for a respectable and reasonable wage settlement
consciously keeping in mind even the affordability of banks while making
attempts to ensure adequate wages to the bank employees and officers
considering the wages in comparable sectors and also the financial burden on
the bank employees on account of uncontrolled spiraling cost of inflation.
The
meeting took serious note of remarks of Shri P. Chidambaram, Hon’ble Finance
Minister that ‘profits of banks are not for wages of employees alone’ without
giving any congnizance to the just reasonable demand of employees for their due
and legitimate share particularly when banks are making good profits. The meeting further observed that the remarks
of Finance Minister as fallacious, as it has been made by consciously ignoring
the fact that Public Sector Banks have netted a huge profit of about Rs.46,000
Crores during the last fiscal even after providing about Rs.65,000 Crores
towards writing off of bad loans and provisioning for Non-performing Assets.
The
meeting deliberated at length on the strategies to be adopted on all the areas
relating to the formulation of Scales of Pay duly considering the various cost
factors such as fixed cost, variable cost and so on towards clinching a
reasonable wage revision.
The
meeting also discussed in detail on the future action programmes and with the
hope that the historic success of Two days’ All India Bank Strike might serve
as an eye-opener to IBA-Government
combine towards amicable settlement, it was unanimously decided to chalk out
further course of action based on the outcome of meeting with IBA, which is
scheduled for 3rd March 2014.
Comrades
– we are still on war path and there will be no backward movement in our
agitation programmes if no significant improvement is made by IBA in the
bilateral discussions scheduled for 3rd March 2014. Hence, we request all our constituent unions
and members to be in readiness for further agitational actions, including
prolonged strike programmes, if need be.
We once again wholeheartedly
congratulate the entire membership for the historic success of 2 days’ All
India Bank Strike on 10th & 11th February 2014 and
request the rank and file of members to continue to display their solidarity
and total support for achieving success in our entire endeavor.
Sd.. M V Murali
Convener