Minutes of the Meeting Updates on 16-03-2020 - 11th Bipartite Wage Settlement - Latest News

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Monday, 16 March 2020

Minutes of the Meeting Updates on 16-03-2020

11th Bipartite Wage Revision Updates - As usual, no forward steps were taken in the meeting between IBA and UFBU.  The meeting was inconclusive and IBA will give a new date.

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The outcome of the meeting in the word of UFBU :
Small committee meeting with IBA took place at Mumbai. IBA led by Shri Alok Kumar Choudhary, DMD SBI. All constituents of UFBU participated. Discussion on load factor on Basic Pay after DA merger and it's impact on Superannuation cost was deliberated. Discussion remained inconclusive. UFBU would meet shortly to crystallize our approach in the light of today's discussion with IBA.

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