Did not issue 5-day bank strike call in Nov: AIBEA
IANS 15 October 2018
The All India Bank Employees' Association (AIBEA) has denied issuing any circular calling for five days of bank strike in November-end demanding wage hike, said a top official on Monday.
 
He also said the bank unions have rejected the Indian Banks' Association's (IBA) proposal to link bankers' wages to operating profits and return on assets (ROA) as only about six banks would be able to give higher wages over and above the six per cent salary hike now being offered.
 
"We have not issued any circular or notice informing of five days strike call given by United Forum for Bank Unions (UFBU)," C.H. Venkatachalam, General Secretary told IANS.
 
"Some malicious elements have cut-pasted the union's letter head and my signature on a plain paper and added some malicious message in the middle," he said.
 
On Sunday a message was circulated in social media under AIBEA letterhead that the UFBU has decided to call for five days continuous strike from November 26 to 30.
 
Queried about the umbrella body of nine bank unions UFBU's decision on IBA's proposal of six per cent wage hike and further increases to be worked out based on the operating profits and ROA of individual banks, he said the unions are not agreeable.
 
He said at the recent meeting of UFBU the IBA's proposal was discussed and was not agreed to.
 
"As per IBA's proposal only employees of about six banks may get wage hike over and above the six per cent offered, which is not agreeable. Salary hike is linked to inflation and cost of living and not to the performance of the banks," Venkatachalam said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
Ramesh Poapt
6 years ago
fake news...fake news all the way,,
Mohan Krishnan
6 years ago
Few months back my local PSU bank staff were worried that due to Mehulbhai's fiasco most of them will be transferred soon as they have already completed max period. But last few days I saw the same old face and many of them were thankful to God that liniency has been shown thanks to Union and connections.
Array
Free Helpline
Legal Credit
Feedback