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Business EconomyPosted at: Sep 28 2021 2:47PM


Wage Revision : AIBEA calls upon units to extend support to CSB bank strike from Sep 29

Hyderabad, Sep 28 (UNI) All India Bank Employees' Association (AIBEA) on Tuesday called upon all its units to extend support and solidarity to the three-day CSB Bank ( formerly Catholic Syrian bank) nation-wide strike from Wednesday on the Wage revision.
AIBEA General Secretary Ch Venkatachalam said up to 10th Bipartite Settlement, CSB Bank, an Indian private sector bank with its headquarters at Thrissur, Kerala, was part of the industry-level uniform wage revision.
Few years ago, the management of this 100 years-old Bank has been passed on to the hands of Fairfax Financial Holdings, a Canada based Investment Company.
He said this time, the CSB Bank management were reluctant to give the mandate to Indian Banks' Association (IBA) but we were pursuing the issue.
''Wage Settlement has been implemented in all the Banks, including private Banks. Now, the management says that they will not extend the 11th BPS wage revision to the employees and officers'', he said.
On the other hand, Mr Venkatachalam said, the management has also stopped recruitment of staff with IBA wage pattern and is encouraging the appointment of Cost to Company staff in a big way.
Out of the total of about 3,000 employees and officers of the Bank, 1200 are already C2C staff.
For the past 2 to 3 years, the management was citing the Bank’s performance as a reason for not giving mandate to IBA. Now the Bank has made good profits. While the Bank MD/CEO has been awarded Rs. 6 crore for this performance, the management says that the productivity of the employees is low and hence wage revision cannot be given.
In the backdrop of this deliberate attitude of the management, the United Forum of CSB Bank Unions (AIBEA-AIBOC-BEFI-INBEF) has given the call for agitation and a three-day strike all over the country from tomorrow.
UFBU has already written to the Bank Managing Director to reconsider their decision on Wage Revision and called upon all units to extend support to this agitation.
We request all our Unions and members to extend all-out support to their struggle and extend necessary help to them in the respective centres.
If the management does not come forward to resolve the issue amicably, AIBEA will be constrained to consider giving supportive programme including strike action, the top union leader warned.
UNI CS 1440
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