Comments
Bank unions on Friday urged the Finance Minister Arun Jaitley to intervene in the wage revision matter and ensure that the current stalemate in the negotiations towards the 10th bipartite settlement is quickly sorted out.
The wage negotiations between bank unions and the Indian Banks Association (IBA) are in a deadlock with the latter’s offer of 11 per cent wage hike not acceptable to employees.
“Finance Minister gave a patient hearing to representatives of bank unions. He has assured to get the details from Banking Secretary and look into it”, C.H. Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA) told Business Line after a nearly thirty minutes meeting with the minister.
The bank unions’ interaction with Jaitley was arranged by CPI leader D Raja, who is also a Rajya Sabha Member of Parliament.
Raja was also present at today’s meeting.
Bank employees are looking at a wage revision from November 2012.
In the last round of wage revision settlement signed in 2010 for the period 2007-12, the IBA had agreed for 17.5 percent hike in total salary.
Srivats.kr@thehindu.co.in
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.