IDBI Bank Wage Revision: The unions are warning of more strikes

Chennai, May 22: Two major unions of the All Indian Bank Employees' Association (AIBEA) and All India Bank Officers Association (AIBOA) will ease different agitation and strike programs in support of early wage revision at IDBI Bank. IDBI Bank employees are working on Tuesday to demand pay revision.

In a joint circular issued here by the two unions on Sunday the unions said: "Should the management of IDBI bank continue with their adamant attitude and should the government continue to remain silent in this manner, AIBEA and AIBOA will have to think of exclusive agitational programmes and strike action in support of early wage revision in IDBI Bank."

Wage revision in IDBI Bank is due from 1.11.2012. While wage revision has been completed in all other banks with the signing of the Bipartite Settlement in May, 2015, the IDBI Bank management and the government are unwarrantedly delaying wage revision in that bank, charged AIBEA and AIBOA. According to the unions, the ostensible reason given by the management is that the bad loans in the bank have increased and the bank has not been performing well.

"Everybody came to know that IDBI Bank employees and officials were less efficient than any other bank employee, banking in adverse conditions, or damaged by heavy debt, "the unions said. "Instead of acting against the authorities responsible for such misconduct, the employees and officials are being abused to penalize, "the unions said.