10th BPS update

10th BPS update: UFBU circular:

Discussions with IBA:

Further to UFBU’s submission of charter of demands on the IBA for our wage revision and the improvement in service conditions, the IBA had invited UFBU and accordingly a preliminary round of discussions took place today between IBA and UFBU.

IBA team was represented by Shri. K R Kamath, CMD-PNB and Chairman of IBA, along with the members of their Negotiating Committee.

UFBU was represented by leaders of our 9 Constituent Unions. Both the sides felt and agreed that the negotiations should be expedited and concluded in a time bound manner.

IBA informed that the Negotiating Committee will be headed by Mr. T M Bhasin, CMD- Indian Bank and Vice Chairman of IBA.

From UFBU, we pointed out that simultaneous to the discussions on our charter of demands, the IBA should also take efforts to resolve the pending issues like Compassionate appointment scheme, coverage of remaining employees /officers under pension option scheme, Improvement in Family Pension, Updation of Pension etc.

Next Round of Talks:

It has been decided that the next round of talks will be held on 4th March, 2013.

Comrades, the discussions on our charter of demands have begun. It shall be the endeavor of UFBU to expedite the discussions and strike a fair deal. We exhort all our units and members to remain united and be in readiness to all the calls of UFBU to achieve our demands to our satisfaction.