WAGE REVISION FOR GENERAL INSURANCE EMPLOYEES

The Principal Office bearers of

Check off qualified Unions / Associations of Clas I, Class II & Class III / IV

Dear Sir,

 

We are sending attached herewith a soft copy of letter dated 15.01.2014from CE, GIPSA on the subject which is self-explanatory. A hard copy of the same is sent by convetional mode.

 

It has been decided to convene a meeting of the representatives of check off qualified Unions / Associations with CMDs / GMs (P) of the companies, for initiating exploratory discussions on Wage Revision.  The details of the date, time and venue of the meeting are given below:-

Date	on 29th January, 2014 (Wednesday)
Time	At 10.00 am
Venue	At Hotel Intercontinental, No. 135, Marine Drive, Mumbai – 400 020 Phone - + 91 22 56399999 Fax     - + 91 22 56399600

Kindly refer to the contents of the letter for other details.

 

Thanks and Regards, 

 

 

SPR Lolla

Sr. Vice President, GIPSA

Mobile # 8800447795

All India Banks strike postponed: UFBU

DEAR ALL,

The proposed two-day all-India strike by bank employees from January 20 was on Friday postponed after "positive" crucial bilateral talks between managements and unions on wage revision and other demands, a top office-bearer of United Forum of Bank Unions (UFBU) said.

The conciliation talks between UFBU and Indian Banks Association held in Mumbai moved a step ahead positively after the IBA offered a 9.5 per cent hike on pay slip cost and hold another round of talks on January 27, UFBU national Convenor MV Murali told a news agency here over phone.

"We have been insisting on a 32 per cent hike in wage revision, pending for the last 14 months. Reacting to our demand earlier last month, IBA came up with an offer of five percent hike which we turned down. Now the IBA in the conciliation meeting on Friday made a move forward with an increased offer of 9.5 percent hike," he said.

Murali said the PSU Banks had netted a profit of about Rs 46,000 crore during the last fiscal even after providing about Rs 65,000 crore towards writing off bad loans and provisioning for NPAs.

The offer of only Rs 1,500 crore (5 per cent) for wage revision of 10 lakh employees for next five years was too meager to accept, he added. 

PTI

Wage revision talks: Bank unions may demand 30% pay hike

As the Indian Banks’ Association and the United Forum of Bank Unions return to the negotiating table on Friday at the directive of the Chief Labour Commissioner, the bank unions are likely to demand a 30 per cent rise in gross pay.
Though a wage-revision settlement, to be in force for five years, might still be far away, the outcome at Friday’s bilateral talks will determine if the January 20-21 all-India bank strike will take place.
“If the IBA takes a positive and reasonable approach to our demands, we will call off the 48-hour strike,” UFBU convenor M.V. Murali told Business Line. “But if they keep harping on the old stand, we will go ahead with the strike.”
The bilateral talks are being held at the instance of the Central Chief Labour Commissioner, who held a round of conciliation talks with the two sides on January 13 in New Delhi. The talks on the wage-revision pact were held in view of the unions’ decision to go on with the strike.
The CLC, B.K. Sanwariya, had asked the IBA to advance the bilateral talks, scheduled for January 29, to January. 17. There was an agreement at the tri-partite talks not to drag the wage negotiations on for long and wrap up the process by June.
Asked about the quantum of pay hike the unions would press for at the negotiations, Murali said: “We are asking for a 30 per cent increase in the gross pay received by bank employees and officers.”
He said this was very reasonable in view of the double-digit price rise in the country and increasing workload of the bank staff.
The IBA, which represents the managements of nationalised, private and foreign banks in the country, had offered only a 5 per cent rise in the ‘payslip component’ of salary. “Actually, this will mean about 3 per cent of the gross pay,” Murali rued.

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