Bank unions called for a two-day strike on Wednesday, 31 January and 1 February.
Bank unions called for a two-day strike on Wednesday, 31 January and 1 February. The decision has been taken after negotiations with the Indian Banks’ Association failed on the salary hike. The United Forum of Bank Unions (UFBU), representing nine trade unions, said that the bank employees would go on a three-day strike on March 11-13 as well. The United Forum of Bank Unions (UFBU), which called the strike, represents nine trade unions including the All India Bank Officers Confederation (AIBOC), All India Bank Employees Association (AIBEA) and the National Organization of Bank Workers (NOBW).
Demand for increase in salary
Changes in salaries of employees of public sector banks have been hanging since November 2017. UFBU state convenor Siddharth Khan said that from April 1, he has decided to go on an indefinite strike. The UFBU is demanding at least a 15 per cent increase in salaries but the IBA has set a 12.25 per cent hike. Khan said that this is not acceptable. The last meeting regarding salary revision was held on 13 January.
If the proposed strike happens, it will begin with the beginning of the Budget session and the Budget 2020-21. In its circular, UFBU has accused the Indian Banks Association of being tough on the agreement regarding change in salary.
The strike first took place on 8 January
Earlier this month, a part of the bank employees went on a one-day strike on 8 January. This strike was against the policies of the government of 10 big trade unions.Get Business News, Latest India News, Sports News and other Breaking News on Investment Schemes, Share Market and much more on 24 x 7 News. We are happy to provide you best news happening around