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Unions say they have been assured of a wage increase and will defer protests

Unions representing personnel of the Reserve Bank of India (RBI) have determined to defer their mass-leave protest for revising wages, saying on Tuesday the central bank had confident them of an early settlement.


RBI’s chief fashionable manager in price of human assets on November 15 met with union leaders and asked them to call off their protest.


“He requested that in view of problems related to salary-settlement within the bank being in advanced stage our agitational programme may be withdrawn and co-operation extended to the bank for early agreement of wages. Our leaders demanded a formal letter from the bank which changed into sent to four organisations later within the night,” said the United Forum of Reserve Bank Officers & Employees in a statement.



“We discussed among ourselves and determined to respond to facilitate the wage settlements early and as such postpone our agitational programme urging bank to settle immediately.”


The RBI unions had deliberate stepping up their protest for revised wages—a call for they are saying is pending due to the fact that November 2017—by using going on mass casual on November 30.


Business Standard had reported on Monday that the brand new contours of the salary p.C. Had been nearly finalised and might be introduced any time. Sources said the wage percent is nearly geared up, and the unions want no longer have opted for an agitation.


The unions said on Monday they'd “exhausted all avenues of peaceful answer” and would begin an agitation.

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