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Over 10 Lakh Bankers to go on Strike, Wants IBA to Improve Offer

In the last 10th Bipartite Wage Settlement that was made effective from November 1, 2012, IBA had agreed for a hike of 15 per cent increase over the total wage bill.

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Arun Jaitley , Finance Minister of India, wikimedia commons

Over 10 lakh bankers in government and private banks will go on a two-day strike by the end of May if the government does not ask the Indian Banks Association (IBA) to make an improved offer, said a leader of the All India Bank Employees Association (AIBEA).

“It is a matter of shame that while thousands of crores of rupees are written off from profits towards bad loans of big corporates, the genuine demands of bank employees are being denied in this fashion,” C.H. Venkatachalam, General Secretary, AIBEA, said on Sunday.

“If the Finance Ministry does not intervene to make the IBA to make their improved offer, it has been decide to call for a 48-hour continuous strike by end of this month,” he said.

Over 10 lakh bankers in government and private banks will go on a two-day strike by the end of May if the government does not ask the Indian Banks Association (IBA) to make an improved offer, said a leader of the All India Bank Employees Association (AIBEA).
Indian Overseas Bank, wikimedia commons

Wage revision talks between the United Forum of Bank Unions (UFBU) — an umbrella body of bank unions — and IBA representing various banks held in Mumbai on Saturday ended in a failure.

Venkatachalam said the IBA offered an increase of 2 per cent over the total wage bill of the banks as on March 31, 2017.

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In the last 10th Bipartite Wage Settlement that was made effective from November 1, 2012, IBA had agreed for a hike of 15 per cent increase over the total wage bill.

The unions rejected the IBA offer of 2 per cent hike, Venkatachalam said.

While the government had asked the IBA to conclude the wage revision settlement before November 1, 2017, the latter has been delaying, Venkatachalam added.

Wage revision for bankers is due from November 1, 2017. (IANS)

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The Mayors Announce Their Support For Climate Change Strike

The Mayors of Paris, New York, Los Angeles and Copenhagen on Friday announced their support for the global climate strike

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mayors, worldwide, climate change, strike
We have an opportunity to show, not only that we hear their message, but that they have inspired us to act even faster. Pixabay

The Mayors of Paris, New York, Los Angeles and Copenhagen on Friday announced their support for the global climate strike.

“Today, September 20th, these inspiring young leaders have called for adults to join them for a global climate strike. We have an opportunity to show, not only that we hear their message, but that they have inspired us to act even faster,” they said in a joint statement.

“As mayors, our greatest responsibility is to protect the lives and wellbeing of those that live in our cities. As adults, our obligation is to leave the world in a better state for our children than we inherited it,” they said.

“That is why we are supporting the global climate strike. Mayors around the world, working through C40 Cities, are committed to deliver on the Paris Agreement and taking action to peak their emissions as our cities already have and bring them down sharply by 2030.

“Many businesses, investors, labour groups, faith leaders and local communities share our urgency…Young people are telling us that the climate emergency demands an emergency response. We couldn’t agree more,” the Mayors added.

mayors, worldwide, climate change, strike
C40 Cities connects 94 of the world’s greatest cities to take bold climate action, leading the way towards a healthier and more sustainable future. Pixabay

They are the Mayor of Paris and Chair of C40 Cities, Anne Hidalgo; Mayor of New York City, Bill de Blasio; Mayor of Los Angeles, Eric Garcetti; and Lord Mayor of Copenhagen, Frank Jensen.

Following next week’s UN Climate Action Summit, these four leaders will be among 70 plus Mayors committing to more ambitious climate action at the C40 World Mayors Summit in Copenhagen on October 9-12.

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C40 Cities connects 94 of the world’s greatest cities to take bold climate action, leading the way towards a healthier and more sustainable future. (IANS)