It is reported in Economic Times that Mr. C H. Venkatachalam, Convener, UFBU has told that a crucial meeting between the representatives of the United Forum of Bank Unions (UFBU) and Indian Banks Association (I.B.A.) is slated on 24.09.2009 to discuss wage revision and other demands of about 10.5 lakh bank employees and officers in the country.
Talking to PTI over phone today, UFBU Convener C H Venkatachalam said the offer to discuss the long-pending issues was made by the IBA, the apex body of bank managements, following the nationwide strike by employees on August 6-7.
After the "success" of the two-day strike, the IBA informed them that they have finalised a package that envisages 17.5 per cent increase in wages and New Pension Scheme (NPS) for new entrants from April 2010, among other things, he said.
Compassionate appointment issue would be discussed separately, Mr. Venkatachalam said.
The UFBU, at a meeting on September 7, discussed the IBA package and decided to pursue it with the association in tomorrow's meeting in Mumbai, he added.
A link to the news in the Economic Times is posted below.
http://economictimes.indiatimes.com/Banking/Bank-unions-to-meet-IBA-over-wage-revision/articleshow/5047703.cms
The same news item is also appearing in The Hindu Business Line and Business Standard.
Bank Unions to meet IBA on wage revision on 24.09.2009
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I am not able to understand why Mr. CH.V. declared at Hyderabad on 12th September differently on signing the agreement on 24.09.09 when the UFBU, for which he is the convener, dicussed the IBA package and decided to pursue with IBA in 24th September meeting.
Some confusion to me. Please help me to come out of my conclusion.
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