PANAJI: The Goa State Co-operative Bank officers association held a peaceful demonstration against the bank’s failure on wage revision and threatened a strike.
Subash Naik Jorge, president of the GSCB officers Association, said that the bank has been making a profit for the last several years.
“In fact, call to 10 18 the bank has been making a profit and is likely to recruit a large number of new employees because many employees have retired. However, as far as the existing employees and officers are concerned, there has been an increase in wage for the last 7-8 years,” he said.
He stated that for last wage settlement expired in December 2013, after which the association submitted a new chapter of demands for revising wages from 2014.
“The management continued the rhetoric that the bank was running in loss sine 2014. But in 2018, the bank started making a profit. We again asked them to settle our demands, but on one pretext or another, the bank continued to delay our settlement, and now they say we will get only a 5 per cent hike,” Subash Naik Jorge said.
He said the management is saying that the revision will
not be from 2014 but from 2021.
“Basically, the revision in the banking industry take place to of 15% but this management is offering a very low reach increase of 5% and that too also for the past years you are not giving any areares, so all the employees and officers are totally unhappy and demoralised because of no revision for the last so many years,” he said.
He said the officers hope that the management sees the writing on the wall, negotiate with both the unions and arrive at an amicable settlement.
“If the bank does not take a decision to meet our demands, we will take an extreme step of striking work,” he stated.