Bank unions announce 48-hour strike from May 30
Over 10 lakh bankers in government and private banks will go on a 48-hour strike starting on May 30, said an All India Bank Employees Association (AIBEA) leader.
 
The United Forum of Bank Unions (UFBU) proposed the strike beginning 6 a.m. on May 30, till 6 a.m. on June 1, demanding early revision of wages. The wage revision has been due since November 1, 2017.
 
"The strike notice has been served to Indian Banks Association (IBA) representing the bank management and the Chief Labour Commissioner (Central), New Delhi," C.H. Venkatachalam, General Secretary, AIBEA, told IANS.
 
The UFBU is an umbrella body of nine unions in the banking sector representing staff and officers. Wage revision talks between UFBU and IBA held in Mumbai on May 5 had ended in a failure.
 
Venkatachalam said the IBA offered an increase of 2 per cent over the total wage bill of the banks as on March 31, 2017.
 
In the last 10th Bipartite Wage Settlement that was made effective from November 1, 2012, the IBA had agreed to a hike of 15 per cent over the total wage bill.
 
The unions had rejected the IBA offer, Venkatachalam said.
 
While the government had asked the IBA to conclude the wage revision settlement before November 1, 2017, the latter has been delaying, he said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
Ramesh Poapt
8 years ago
customer service is still poor, he/she is not valuable yet...
for them.
Gurudutt Mundkur
8 years ago
Feel sorry for the bank employees. They are so short of cash that they find it difficult to make both ends meet!
Ashok Visvanathan
8 years ago
They can give them a 15 % increase and sack 25 % of the employees. The employees will get more, the wage bill will be less but they have to improve systems to increase productivity.
Mohan Krishnan
8 years ago
Salary is only pocket money for these Banksters. Good news is two days of no corruption at lower levels.
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