Bank employees to go on strike on 10-11 February
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.
More in Moneylife
PK's Romp through India's Financial Sector +6595 views
TODAY'S TOP STORIES
Safe And Smart Financial Advice For Students
- QNet: MPID Court rejects anticipatory bail applications of five including Michael Ferreira, Suresh Thimiri
- Liquidate Helios & Matheson
- The other side of intolerance
- Punjab police probes 'sexual exploitation' against hockey skipper Sardar Singh
- Now, Good Samaritans can help victims without the worry of harassment
- Big data help banks but benefits should be passed on to customers as well
What's your say?
What you said
Thanks for casting your votes! View Previous Polls