AIBOC has issued circular on wage revision talks held with IBA on 24.09.2009. We are publishing the same here to enable our readers to know about the latest developments on wage revision.
CIRCULAR NO: 74 25TH September, 2009
TO ALL AFFILIATES/MEMBERS:
TALKS HELD WITH IBA ON 24-09-09
Bipartite talks were held yesterday with the IBA in Mumbai. IBA was represented by Mr. M. V. Nair, Chairman and other members of the Negotiating Committee. From UFBU side representatives of all our unions participated in the talks.
2. All issues like quantum of wage increase, option to join pension scheme by employees in PF, extending the option to retirees, Compassionate Appointment/Financial Compensation Scheme, etc were discussed in the meeting. IBA took up their issues like outsourcing, streamlining the special pay posts for workmen, etc. Issues like accounting the cost of pension, introducing new pension scheme for future recruitees etc., were also taken up by them. Discussions were held to take the issues forward with amicable solutions. While some progress has been made on few issues still there are certain hurdles and difficulties in reaching the finality.
3. Therefore it was decided to discuss on these issues further in next round of meeting and endeavor to resolve the issues at the earliest to reach broad understanding to expedite the final settlement.
4. Comrades; the discussions have now entered a crucial stage and hence we need to be extremely careful while taking all efforts to finalise the settlement. We shall keep informed of the developments in due course.
With Dushera greetings,
sd/-
(G.D.NADAF)
GENERAL SECRETARY
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