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Bank unions announce 48-hour strike from May 30

IANS  |  Chennai 

Over 10 lakh bankers in government and will go on a 48-hour strike starting on May 30, said an All India Employees Association (AIBEA)

The United Forum of 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 (IBA) representing the management and the Chief (Central), New Delhi," C.H. Venkatachalam, General Secretary, AIBEA, told IANS.

The UFBU is an umbrella body of nine unions in the sector representing staff and officers. Wage revision talks between UFBU and IBA held in 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.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 11 2018. 15:22 IST
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