FBOA Achieves Landmark Settlement Victory of Our Unity
We are extremely glad to inform our members that a historic settlement is signed today on 27th June 2019 at 6.45 pm between Federal Bank Officers’ Association and the Federal Bank Management after several rounds of protracted negotiations on the internal Charter of Demands submitted by us. It upholds the merits of the proven and time tested bi-partite mechanism in our Bank once again proving our collective bargaining power on the one hand and manifesting the focus of the Management on Officers’ welfare on the other. Achievement of this path-breaking settlement ensures substantial improvement in all significant areas of staff benefit and once again reiterates our superior position in the industry with regard to the Service conditions of Bank Officers.
Sri. Ajith Kumar K K, CHRO and Shri. Paul Mundadan, FBOA General Secretary, exchange the Agreement on Internal Charter of Demands in the presence of Shri. Jenib J Kachapilly, FBOA President and other Office bearers and the Management Team on 27th June 2019.