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Bank employees demand wage hike

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In protest: Staff of banks under the aegis of United Forum of Bank Unions staging a ‘dharna’ at SBH Gunfoundry main branch in Hyderabad on Friday.
In protest: Staff of banks under the aegis of United Forum of Bank Unions staging a ‘dharna’ at SBH Gunfoundry main branch in Hyderabad on Friday.

Special Correspondent

Last wage settlement expired in October, 2007

Bank union demands hike of at least 30 per cent

HYDERABAD: Members of the United Forum of Bank Unions (UFBU) on Friday staged an hour-long dharna before the State Bank of Hyderabad main office here in a bid to bring pressure on the management to solve their long-pending demands.

Addressing the modest gathering, UFBU convenor, K. Ramakoteswara Rao said the last wage settlement, effected in the year 2002 through a bi-partite agreement, had expired in October, 2007.

Eight rounds of negotiations between the union and the banks after October’07 had however, not led to any satisfactory agreement, he said. While the management was only ready to increase wages by about 15 per cent, the union demanded a hike of at least 30 per cent, considering the inflationary trends.

Other demands include extension of a second option for pension scheme without pre-conditions, non-introduction of a compassionate appointment/ex-gratia scheme that was earlier agreed upon by the management.

Also present were other union leaders, V. Murali, vice-president, National Confederation of Bank Employees, B.S. Rambabu, general secretary, AP Bank Employees Federation, Harshavardhan Madabhusi, president, All India Bank Officers Confederation and K. Narahari, general secretary, State Bank of Hyderabad Bank of Hyderabad Staff Association. The leaders urged the staff to make the all India strike on June 12, a success.


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