Connect with Us
Moneylife - Facebook Moneylife - Twitter Moneylife - Linkedin Moneylife - Youtube Moneylife Rss feed
close

Moneylife » Personal Finance » Banking » Bank employees to go on strike on 10-11 February

Bank employees to go on strike on 10-11 February

Moneylife Digital Team | 07/02/2014 04:51 PM | 

Employees from over 47 banks are planning to go on strike on 10-11 February to protest the proposed reforms in the banking sector and immediate revision in wage settlement
 

Around 10 lakh bank employees and officers working in 27 public sector banks including State Bank of India (SBI) and 12 old generation private sector banks and eight foreign banks will resort to two days nationwide strike on 10-11 February, says United Forum of Bank Unions (UFBU).

 

UFBU, the umbrella organisation of five employee unions and four officer unions of state-run banks in the country, is demanding immediate wage revision settlement and protesting against the ongoing banking sector reforms.

 

UFBU had called for a strike on 20-21st January this year. At that time, the Indian Bank's Association (IBA) increased its offer to 9.5% from 5% with a promise to improve it further. However, during the discussions on 27th January, the IBA increased its offer by just 0.5% to 10%, which was rejected by UFBU representatives. The Union has been seeking an increase of 30% as their wage revision is pending since November 2012.

 

According to UFBU, the last wage settlement in the banking sector expired in October 2012 and hence a revised settlement was due from November 2012. However, since the last one year, the discussions have been very tardy and UFBU gave a call for strike.  On 14 December 2013, the IBA called the Unions for talks and made their offer, which was found to be too low and hence was not acceptable to the Unions and hence UFBU decided to go ahead with the strike, the statement said.

                                                                                               

Nine unions, AIBEA, All India Bank Officers Confederation (AIBOC), National Confederation Of Bank Employees (NCBE), All India Bank Officers Association (AIBOA), Bank Employees Federation Of India (BEFI), Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation Of Bank Workers (NOBW) and National Organisation Of Bank Officers (NOBO) have given the call for strike under the UBFU umbrella.

 


Post Comment

More in Moneylife

Why is Modi govt bailing out the rich promoters of SpiceJet with our money? +5177 views

TODAY'S TOP STORIES

Post your Comment


Alert me when new comment is posted on this article
 Please read our Moderation Policy and Terms of Use before posting


Comment

9 Comments
PRADIPTA KUMAR PAL

PRADIPTA KUMAR PAL 11 months ago

THE TIME HAS COME FOR INDEFINITE STRIKE BY BANK EMPLOYEES TO TEACH ADAMANT CHIDAMBARAM AND THE CONGRESS A GOOD LESSON.THE STRIKE SHOULD BE ON SUCH DAY AND MONTH SO THAT THE GOVERNMENT WILL BE AWAKE FROM SLUMBER.IT MUST BE IN THE FIRST WEEK OF THE MONTH.

Reply »Link » Report abuse
X
S BHASKARA NARAYANA

S BHASKARA NARAYANA 11 months ago

FM commented that not all the profits meant for the staff!

The UFBU leaders asks whether the profits meant for 1.5 lac crore NPAs of Corporates?

Reply »Link » Report abuse
X
P C Pandey

P C Pandey 11 months ago

even a one day bank strike always paralysed people's and an economy's economic life- p c pandey

Reply »Link » Report abuse
X
MOHAN

MOHAN 11 months ago

Annual ritual.

Reply »Link » Report abuse
X
PRADIPTA KUMAR PAL

PRADIPTA KUMAR PAL 11 months ago

THE GOVERNMENT MUST LISTEN TO THE GENUINE DEMANDS OF BANK EMPLOYEES.

Reply »Link » Report abuse
X
Daily Newsletter

1,00,000 Readers

Follow Moneylife
DNL facebook icon DNL linked in icon DNL twitter icon DNL youtube icon DNL rss icon
Moneylife Magazine

What's your say?

Will SpiceJet also go down like Kingfisher Airlines?
Yes
No
Can't Say
 
Enter Code : secure code
    change code
VOTE

What you said

Is banning Uber taxi service, the way forward?

Thanks for casting your votes! View Previous Polls

Join Over 100,000 Awesome Readers

  1. News that Mainstream media does not always cover
  2. Views that are bold and unbiased
  3. Reports that focus on your interests as consumer, investor & citizen