Categories: Bank Staff

IBA – UFBU wage settlement discussion news

Today (19.06.2019), leaders of UFBU unions had wage settlement discussion with IBA.  The officers associations AIBOC and NOBO did not participate in the meeting. In the absence of major officers associations,  IBA asked Award Staff Unions to continue the discussion.  The following are the points discussed.

  1. UFBU discussed about mandate issue up to Scale 7 and served a letter to IBA in this regard.
  2. UFBU discussed five days week.
  3. UFBU discussed on Pension revision.
  4. With regard to medical insurance related issues the matter will be discussed in the upcoming Managing Committee meeting to be held on 24th June and outcome will be communicated to unions separately.
  5. After lunch, a short committee of IBA discussed on medical insurance on problems and suggestions so that problems can be resolved and next insurance should be more transparent.
  6. Meanwhile a separate meeting of UFBU of award staff held for these issues.

Next negotiating meeting expected to be held shortly

Surendra Naik

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Surendra Naik

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