Saturday, May 28, 2022

Bank strike from today

By EMN Updated: Jan 30, 2020 11:12 pm

Dimapur, Jan. 30 (EMN): The United Forum of Bank Unions (UFBU), which represents nine trade unions, has called for a two-day nationwide strike on January 31 and February 1 as talks with the Indian Banks’ Association (IBA) on wage revision failed to arrive at a consensus.

In a statement issued on Thursday, the forum accused the IBA of adopting a rigid approach towards demands for a fair wage revision settlement.

The bank employees have been demanding a salary hike since November 2017.

The strike on January 31 and February 1 will coincide with the Economic Survey and Budget Day respectively.

Banking operations across the country will be affected as bank branches will remain close and functioning of ATMs may also be paralysed.

UFBU is a confederation of nine bank unions that includes All India Bank Employees’ Association (AIBEA), All India Bank Officers’ Confederation (AIBOC), National Confederation of Bank Employees, All India Bank Officers’ Association, Bank Employees Federation of India, Indian National Bank Employees Federation, Indian National Bank Officers’ Congress, National Organisation Of Bank Workers and National Organisation of Bank Officers.

The unions are demanding 20% hike on pay slip components with adequate loading.

In the past wage settlement, which was for the period November 1, 2012, to October 31, 2017, the employees got a hike of 15%.

A section of bank employees had gone on a daylong strike on January 8 in support of 10 major trade unions’ protest call against the government’s “anti-people” policies.

By EMN Updated: Jan 30, 2020 11:12:32 pm