Check out the blow newspaper news of Paper HINDUSTAN which reports that there is likely to be a court stay on the Wage Revision of Bank employees due from November 2012, the report says that as most of the Leaders are Retired Bank employees hence they are not eligible to negotiate on part of the present bank employees.
The court has said that this matter is to be completed within 6 months in collaboration with the petitioner , Bank unions and IBA.
"It seems that all things are finalised for the signing to be done for Wage Revision of 10th Bipartite wage revision on 22-23rd May 2015. But it is difficult to say as what will be the impact of this court order on the outcome of wage revision which has been lingering for more than 30 months and new wage revision is due from 1 November 2017"
