Bipartite Talks with IBA on 30th Jan 2020

Bipartite Talks with IBA on 30th Jan 2020 – Meeting Minutes


Circular No. 07/2020

30th January 2020

To all Units, Office Bearers, CC & GC Members

Dear comrades,

Bipartite Talks on 30th January 2020

Consequent upon Strike Notice served by UFBU on 12 point demands centering round 11th Bipartite settlement, conciliation meeting took place at the office of Chief Labour Commissioner (Central) at New Delhi on 27th January 2020. The CLC (Central) advised the IBA to convene a meeting before 31st January 2020 for an amicable solution.

According to the advice of the CLC (Central), another round of negotiation took place today. Representatives of all the constituents of UFBU were present. The undersigned attended on behalf of BEFI.

In the meeting, IBA initially improved their offer to 13%. As it was not accepted by UFBU, the offer was further improved to 13.5%. In regard to merger of special allowance with basic pay; increase of 2% loading; 5 day week, IBA did not come up with any concrete proposal. In the given situation UFBU decided to continue with agitational programme including strike action.

In the afternoon, IBA Chairman wanted to meet UFBU. Com. C J Nandakumar, President, attended the meeting on our behalf. The Chairman offered 15% increase on pay slip components but was not positive on the other demands like merger of special allowance, increase of loading from 2%, 5 day banking etc.

The UFBU took firm stand of moving ahead with 2 day strike starting tomorrow. Comrades, we gathered information of spontaneous participation of employees and officers in large numbers in all the preparatory programme. The history of collective bargaining in the banking industry is the history of struggle. We are to struggle hard to achieve our just demands. We must take all endeavours to make country wide bank strike on 31st January and 1st February 2020 resounding success.


With greetings,

Yours comradely,

(Debasish Basu Chaudhury)
General Secretary

Source : BEFI

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