To All Constituent Unions & Members,
Dear comrades,
TALKS WITH IBA TODAY
Bipartite talks were held today with the IBA in Mumbai. IBA was represented
by Mr. M. V. Nair, Chairman and other members of the Negotiating Committee.
From our side representatives of all our unions participated in the talks.
All issues like quantum of wage increase, option to join pension scheme by
employees in PF, extending the option to retirees, Compassionate Appointment
/ Financial Compensation Scheme, etc were discussed in the meeting. IBA took
up their issues like outsourcing, streamlining the special pay posts, etc. Issues
like accounting the cost of pension, introducing new pension scheme etc was
also taken up by them. Discussions were held to take the issues forward with
amicable solutions. While some progress has been made to sort out the various
issues during today’s talks, there are also some hurdles and difficulties which
are needed to be overcome.
It was decided to discuss these issues further in next round of meeting and
endeavor to resolve the issues at the earliest to reach broad understanding on
the issues and to expedite the final settlement.
The discussions have now entered a crucial stage and hence we need to be
extremely careful while taking all efforts to finalise the settlement.
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