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IBA invites bank unions for wage revision talks
May 02, 2017
- The Indian Banks’ Association ( IBA) has invited the bank unions for initiating the negotiations for the next wage settlement in the banking industry.
- Talks between IBA and the bank unions under the banner of United Forum of Bank Unions (UFBU) are to be held at Mumbai on May 2nd, according to C H Venkatachalam, General Secretary of the All India Bank Employees Association (AIBEA).
- Rajeev Rishi, Chairman of IBA, will head the talks from the management side.
- The talks are expected to lead to the 11th bipartite settlement on wage revision. Venkatachalam sees the May 2 meeting as a “formal introductory” exercise and noted that the actual negotiations would start thereafter.
