11th Bipartite Wage Revision for Bankers - Latest Updates -
The United Forum of Bank Unions (UBFA) has said it will seek a 20 per cent pay hike when talks resume with the Indian Banks’ Association (IBA) on August 29 to seal the 11th bipartite wage settlement.
The key reason behind UBFA’s revised demand from the 15 per cent earlier is that the gap between what bank employees earn when compared to those in the government’s equivalent grade has widened.
It was pointed that even after a 20 per cent pay hike, this difference will stand reduced only at the beginning of the scale, but it will still be at about half of the same at the later stage of scales.
The key reason behind UBFA's revised demand from the 15 per cent earlier is that the gap between what bank employees earn when compared to those in the government's equivalent grade has widened.
Provide your Opinion in comment section or FaceBook page of the 11th Bipartite. This will help UFBU to know the common bankers' view on this decision.
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