IBA raises wage hike offer to 10%, unions not happy

KOLKATA: Indian Banks' Association has raised its bank wage hike offer to 10% from previous offer of 8% but failed to please bank employees associations.IBA will again hold another meeting with members of United Forum of Bank Unions after February 15 to sort out the matters."The 10% offer is not up to our expectation." said Rajen Nagard, president of All India Bank Employees Association, the largest bank union.While IBA enhanced the offer on fixed pay component, it reduced the variable offer to 6.2% from 8.2% at the meeting on Saturday. Union Bank of India chief executive Raj Kiram Rai, Bank of Baroda chief executive PS Jayakumar, IDBI Bank chief executive Rakesh Sharma were present at the meeting with union members.UFBU was represented by five workmen associations including AIBEA and two officers associations -- All India Bank Officers Association (AIBOA) and Indian National Bank Officers Congress (INBOC), while All India Bank Officers Confederation (AIBOC) and National Organisation of Bank Officers (NOBO) did not take part.AIBOC has not been happy with IBA's proposal to leave officers in scale IV and above out of the bipartite wage settlement ambit.A joint statement by AIBOA and INBOC said that the issue of including all officers under bipartite wage talk would be discussed further.

from Economic Times http://bit.ly/2HOKYfN