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Finally the days over for 10th Bipartite Salary Revision Settlement. Union and IBA agrees on 15% salary settlement with few other benefit including medical and hospitalization and two Saturday off.
I don’t think settlement at 15% is acceptable. What your’s say ?
The revised salary along with arrears will be paid in the month of March itself to the public sector bank employees.
The arrears will be paid along with new salary by 27th March
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A Masterstroke by Bankers Union – STRIKE on 12th November for early settlement of 10th Bipartite Wage Revision. A failed leadership and goalless decision. Strike was important as Indian Banks Association (IBA) has rejected demand for higher wages and are sticking to their earlier 11 per cent hike citing poor financials of the lenders.
Strike is called by AIBEA (All India Bankers Bank Union Call Strike On Wage RevisionEmployers Association), with over 5 lakh members, is a major constituent of UFBU.