Bank staff on 4-day strike Feb 25-28, indefinite from March 16

Talks between Union & IBA at Mumbai today failed

Bank employees are threatened to go on a strike for four days from February 25-28, followed by an indefinite strike from March 16th.

The announcement comes after wage negotiations talks, between the United Forum of Bank Unions (UFBU) and the Indian Banks Association (IBA), was failed. The talks held at Mumbai today.

C H Venkatachalam, All India Bank Employees Association (AIBEA) said that in today's talks at IBA offered only 0.5 per cent to 13 per cent hike in wage, while Unions are asking for 19.5 per cent. Improvement which is not satisfactory. UFBU decides to revive the strike programme.

The UFBU includes AIBEA, National Confederation of Bank Employees, Bank Employees Federation of India, Indian National Bank Employees Federation, Indian National Bank Officers Congress, National Organisation of Bank Workers, All India Bank Officers Association and National Organisation of Bank Officers.