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Wage Revision : 11th Bipartite Settlement :

Govt proposed DA merger of Oct’16 for new pay scale: 11th Wage Revision Banks

By:  Amit , Place:  Mumbai ,  Update:28 Oct 2017

The meeting held of full committee for 11th Wage Revision of bank employees named “Negotiating Committee” of IBA with the representatives of constituent workmen unions and officers' organisations of UFBU on wage revision held on 27th October 2017 at Mumbai.

The meeting held of full committee for 11th Wage Revision of bank employees named “Negotiating Committee” of IBA with the representatives of constituent workmen unions and officers' organisations of UFBU on wage revision held on 27th October 2017 at Mumbai.

 

In the most awaited meeting govt representative organisation IBA proposed merger of DA as on October 2016 for working out revised pay scales. IBA also wanted introduction of variable pay for officers. IBA also submitted Data on Establishment Expenses after revised pay-scale.

 

The bank union representative organization UFBU opposed variable pay for officers and insisted on negotiations to cover up to scale VII.

 

The detailed circular awaited.

As sources indicated the negotiation will not take long time. 

 
 
 
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