Tuesday, January 15, 2008

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News & Events

In our endeavour to keep our Members informed of the happenings in the Banking and Financial Sector in the Country, we are bringing out a Daily Edition of Banking News which is a compilation of Media Reports on the Industry in a downloadable format.



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PLUNGE INTO ACTION - UFBU’s CLARION CALL

Today, i.e. 3-1-08, a meeting of the UFBU was held in New Delhi. Com. Eswaran (President-AIBOC) presided over the Meeting. All the constituents of UFBU were present in the Meeting.

The meeting took for review the developments since our last Meeting in relation to our current issues and demands. After discussions it was observed that the attitude of Government and IBA continued to be negative and unhelpful in finding amicable solutions.

On the issue of merger and consolidation, despite the four strike actions in the Associate Banks by the employees and Officers, the management and the Government want to proceed. In the Nationalised Banks also, news are appearing about possible merger of one or the other Bank. When the country needs expansion of Public Sector Banks and financial inclusion, mergers will only lead to shrinkage of banks. Of course, mergers will also affect the jobs and job security of the employees and officers.

In the matter of our demand for one more option for pension, even though we have submitted our Actuarial Report and have agreed to resolve the issue even by sharing a part of the cost by mutual discussion, IBA is not taking any positive steps. On the other hand, steps are being taken to discriminate in retirement benefits

On compassionate appointments, a revised scheme has been announced in total disregard to the discussions between IBA and UFBU. Virtually, compassionate appointments are continued to be denied

Similarly, when thousands of vacancies in the Banks remain unfilled and the workload on employees and officers is increasing, the managements are not taking steps for adequate recruitments of staff and employees continue to suffer.

On outsourcing of normal banking services, despite their commitment in the MOU dated 20.03.2007, the IBA has not even discussed the issue with the UFBU for the past nine months

Again, when our last wage settlement has ended in October, 2007 and we have already submitted our common Charter of demands, no steps are taken to commence the negotiations and conclude the settlement expeditiously. Rather, situations are created here and there to move away from Industry level wage revision settlement. Hence we demand an early Wage revision Settlement.

In this backdrop, the UFBU came to the inescapable conclusion that we have to fight out and intensify our struggles. Accordingly the following programs have been decided upon:-

1. 25.01.2008 - ALL INDIA STRIKE

2. 25/26.02.2008 - ALL INDIA STRIKE FOR TWO DAYS

3. LAST WEEK OF MARCH, 2008 - INDEFINITE STRIKE

DEMANDS

1) STOP MERGER OF PUBLIC SECTOR BANKS
2) EXTEND ONE MORE OPTION TO JOIN PENSION SCHEME.
3) RESTORE COMPASSIONATE APPOINTMENTS.
4) FILL UP ALL UNFILLED VACANCIES THROUGH RECRUITMENTS IN BANKS.
5) STOP OUTSOURCING OF NORMAL BANKING SERVICES.
6) EARLY SETTLEMENT OF WAGE REVISION.

Other preparatory programs will also be given separately.

We request all our constituent units and all our members to take all effective and immediate steps to implement the programs successfully.