Financial Daily from THE HINDU group of publications
Saturday, Oct 30, 2004
Financial Daily from THE HINDU group of publications Saturday, Oct 30, 2004 |
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Money & Banking
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Trade & Labour Unions Mobility issue: Unions reject IBA proposals Our Bureau
Coimbatore , Oct. 29 WAGE talks between the Indian Banks' Association and labour unions remain deadlocked. The IBA Negotiating Committee chairman, Mr V.P. Shetty, has proposed the following terms for mobility/ transfer of clerical staff: In Phase I, the transfers should take place in a distance of 100/150 km. In Phase II, the transfer should take place in a distance of 200/250 km. In Phase III, the transfers should take place anywhere in a State. The IBA has asked that all the above should become operational before the end of the 8th bipartite settlement i.e., 2007. The unions have rejected the proposal and have said they would launch agitations and strikes. They have also said that they may be forced to go back on the commitments given in the earlier rounds with regard to technology implementation and mobility issues. A meeting of 5-workman unions is scheduled to meet in New Delhi on November 2 to decide the further course of action.
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