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Wage revision every 5 years based on industry level Bipartite settlement. 2. Wage revision is based on negotiations not strictly linked to Banks' performance.
latest wage revision in sail 2012 SAIL news Get latest news on SAIL, Wage revision in SAIL,, is pending since January 2012 due to differences on the extent of hike between the company .
Nov 29, 2013 ... There is no conflict of pay between the non Executives and Executives of central Government. ... of 10 years whereas Executives pay revision was finalized once by DPE with a periodicity of 10 years. ... Basic pay On the above, Basic pay itself differ for every grade then .... Sail 8. eighth wage agreement. More details » Get Price
According to him, the UFBU submitted its charter of demands for wage revision in May last year. "In the last meeting on wage increase held between UFBU and IBA on May 5, 2018, a meagre offer of wage increase of 2 per cent was given.
IBA to talk with bank unions' federation on wage revision ... fortnightly on a regular basis to finalise wage revision at the earliest," General secretary of the All India Bank Employees ...
Initially, union representatives involved in the wage revision talks were demanding a % hike, similar to the rise in 2007, in basic and dearness allowances.
SAIL's Director (Finance) has issued a letter (on behalf of Board of Directors) in this regard and has withdrawn the provision of Rs crore which was kept reserve for the wage revision. Further, the pension provision has been retained at Two percent (of DA + Basic).
The wage revision of public sector bank employees has been due since November 2012. In the last round of wage revision settlement signed in 2010 (for the period between 2007 and 2012), the managements had agreed to a % rise in salaries.
Talks with IBA on wage revision – Offer increased to 8%; UFBU meeting – Call given for All India Strike on 26th 2018 against amalgamation of Bank of Baroda, Dena Bank and Vijaya Bank. ... (MD CEO of Union Bank of India) Chairman of the Negotiating Committee of IBA. UFBU was represented by leaders of all the nine constituent unions.
In view of failure of talks held between United Forum of Bank Unions (UFBU) and Indian Banks' Association (IBA) on the wage revision at Mumbai on Saturday, .
IBA invites bank unions for talks on 11th Bipartite Wage Revision ... From the Union Mr Venkatachalam and leaders of all the nine unions of United Forum of Bank Unions (UFBU) will paticipate. He said so far 10 industry level bipartite settlements have .
Demanding early and better Wage Revision Settlement We had informed our Units, Vide our Circular dated, about the negative approach of the IBA in the negotiations for wage revision.
The wage revision would benefit about lakh employees and officers in 45 banks, including old generation private sector banks and a few foreign lenders. Wage revision .
11th Bipartite Wage Revision for Bank Employees' updates – Meeting updates between Bankers' Union – UFBU and IBA on dated .. Indian Bankers' Association (IBA) has called the United Forum of Bank Unions (UFBU) for a meeting on long pending wage revision of Public Sector Bank Employees.
The UFBU is an umbrella body of nine unions in the banking sector representing staff and officers. Wage revision talks between UFBU and IBA held in Mumbai on May 5 had ended in a failure. Venkatachalam said the IBA offered an increase of 2% over the total wage bill of the banks as on March 31, 2017.
Bank Unions Declares Nationwide Protest for wagerevision demand! New Delhi: Wage revision talks between Indian Banks' Association and the United Forum of Bank Unions (UFBU) failed on Saturday in Mumbai as the offer by the former was meagre, said a leader of the bank union.