WAGE REVISION SIGNED

Congratulation to all of you.

The 9th Bipartite settlement between IBA and banks signed. Modalities awaited.

Look out for detailed Circular.........

Best wishes

BANKER OR BEGGER

Wage Revision for Bank Employees

Today all bank employees are eagerly waiting for their wage revision. I am very much upset towards Government (IBA) stand on pension issue.

Kautilya already wrote about Govt and its duty towards employees of states that Pension is a social obligation to the state even state has short of fund. While IBA argue that the load of pension will be passed to the Bank employees.

All nationalized banks has proved in last decade that they are capable to compete with private banks and even so called multinational banks. While PSU like ONGC, IOC,HPCL,BPCL employees get more salary than Bankers.

BANK SETTLEMENT

BANK EMPLOYEE WAGE REVISION

Hi,

Bankers are eagerly waited for their wage revision meeting held between IBA and Unions on 15.03.2010.
Meeting was fruitful and Union people say most probably it will be finalized in a couple of week and bankers will get arrears in April 2010.