AIBOC announces nation-wide strike on Dec 21

Excelsior Correspondent

JAMMU, Dec 10: All India Bank Officers’ Confederation (AIBOC) today announced a nationwide strike call on 21st December, demanding inter-alia, full and unconditional mandate for the XIth Bi-partite wage revision talks based on charter of demands submitted by four officers’ organizations viz. AIBOC, AIBOA, NOBO and INBOC.
The charter of demands was submitted by the officers’ organizations on the minimum wages concept, focus on core business and NPA recovery, abolishing New Pension Scheme, Updation/Revision of Pension and Family Pension; while opposing the amalgamation of Vijaya Bank, Dena Bank and Bank of Baroda, merger/amalgamation of Regional Rural Banks, attack and assault on bank officers across the country, reduction of existing medical benefits, steep hike in insurance premium of retirees, etc.
Announcing the strike call, AIBOC members said that the Department of Financial Services on January 12, 2016 had urged the IBA and the member Banks to expedite the process so that the new wage structure can be implemented on the effective date i.e. November 1, 2017 but despite this communication and also many reminders from the Government, the negotiations ultimately commenced only on May 2, 2017.
They expressed serious concern that absolutely no headway has been made in the process so far even after the elapse of 19 months since the discussions have begun. AIBOC members said that they strongly oppose the current move to restrict the salary settlements only up to Scale III by citing non-receipt of the ‘unconditional mandates’ from 5 Banks as a reason whereas as many as 15 Banks from the Public Sector and 2 Private Sector Banks have already given ‘unconditional mandates’.