Bank unions to go on strike on Nov 12 seeking wage revision

The United Forum of Bank Unions also threatens series of strikes in different zones starting December 2

BS Reporter Ahmedabad
Last Updated : Oct 29 2014 | 9:56 PM IST
The United Forum of Bank Unions (UFBU) representing five workers' and four officers' associations has called for a day-long strike on November 12 demanding revision of wages. The umbrella union has also threatened series of strikes in different zones starting December 2.

UFBU has claimed that wage revision for the bank employees was due from November 1, 2012, after expiry of the previous settlement with the Indian Banks' Association (IBA).

Convener for UFBU, K V Barot said, "We had demanded 23 per cent hike in wages but the IBA has stuck to the figure of 11 per cent which is not acceptable to us. We have asked them (banks) to come to negotiation table to sort out the issue but nothing has been done yet."

Hence, demanding immediate settlement of wage revision for bank employees, the UFBU has decided toone-day pan-India strike on November 12. These will be followed by series of zone-wise strikes staring December 2 to December 5.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 29 2014 | 8:52 PM IST

Next Story