Demands on 11th Bipartite – Journey so far…
11th BIPARTITE SETTLEMENT : CHARTER OF DEMANDS – JOURNEY SO FAR
JOURNEY SO FAR:
The transition from the period of Tribunals and Awards from early forties to the middle of sixties, to bipartism, became the hallmark of collective bargaining in the banking industry with the signing of the first ever sector- wise, pan-India Bipartite Settlement on 19-10-1966. This foundation and spirit of cordiality and mutuality has been nurtured and carried forward in the last five decades due to which further 9 such industry-level bipartite settlements and various other important bilateral agreements have been signed during this period.
Unlike in many sectors, in our banking industry, these Settlements have not only catered to the demands of the employees for better wages and improvement in service conditions, but have also addressed and resolved many sensitive issues of the management and requirement of the administration and business development aimed at better efficiency, productivity, customer services, etc. This has been made possible because of the responsive and responsible approach on either side to work out amicable solutions.
We trust that the same cordiality and mutual understanding would continue in the coming period also.