11th Bipartite Wage Revision Latest Updates - It is believed that the long awaiting wage revision of Public Sector Banks may be finalized on 27th Jan 2020 post meeting with CLC.
NOTE : This is not the confirmed news but it is the strong rumor going on within the committee members of various unions but the probability of settlement is very much higher.
You may count is as coincidence but the events are happening as similar to previous wage settlement. When the settlement was agreed in the month of Feb 2015, the strike call was taken by the UFBU and Labour Commissioner had called all the parties for the meeting. Post meeting the IBA agreed on the settlement. That time also strike call was made during the budget session.
This time also the similar call had been taken by the UFBU , on the similar fasion Assistant Labour Commissioner (C) has called upon the all the parties in the settlement to have a common meeting i.e. IBA, Ministry of Finance and UFBU.
It is strongly believed that the IBA will agree on 15% Pay hike with all saturdays off. Currently IBA had offered the hike of 12.25% on gross salary.
Click to Calculate the salary with 15% Hike
The update of the meeting will be shared with you on 27th Jan 2020.
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11th Bipartite