Monday, March 20, 2023

Bank officers threaten indefinite strike over pay dispute


Jamshedpur, Nov 19: All India Bank Officers Confederation (AIBOC) during the executive committee meeting in October had discussed the major issues of wage revision for officers, working condition of officers and many other issues including stringent action against Bank loan defaulters.

On Wednesday National President, Federation of Bank of India Officers Association Sunil Kumar while addressing a press conference at Bank of India said that the officers wage revision is pending since Nov 1, 2012 and after 15 rounds of talks there has been no outcome.

“We have informed the government about our issues and will protest all over the country starting Dec 2 in Southern states, Dec 3 Northern states, Dec 4 Eastern states and on Dec 5 the western zone states will protest and if the government doesn’t take action we will go on indefinite strike.

During our last salary increase on Nov 1, 2007, 17.5 % was hiked and this time we have submitted our demand of 25 % with the ever increasing inflation”, added Singh. We demand 5 day banking and regular working hours with no work on holidays, withdraw extra co-operation by strictly observing office hours.

The salary provided to the officers is 30% less when comparing it to a primary teacher and it has become a major hurdle for PSBs to attract and retain talents to the industry, said Sunil Kumar who went on to add that the central government forgiven Rs 27086 crore to the willful defaulters and during the last 5 years the business of the banking sector increased three times while the portability increased two times.

National president also informed that the gross profit of the public sector banks for the financial year 2012-13 was 1,27,000 crore while in 2013-14 it increased to 1,29,000 crore.

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