You are here: Home » Current Affairs » News » National
Business Standard

Bank employees unions keep four-day strike call on hold

Threaten to go on strike in February

BS Reporter  |  Mumbai 

Giving relief to millions of bank customers, bank employees’ unions have decided to keep a proposed four-day strike on hold.

The decision, taken on Monday night, comes in the wake of assurance by Indian Banks’ Association to resolve wage issues by the first week of February.

Bank unions had threatened to strike work from Wednesday.

“If there is no satisfactory outcome, fresh dates for a four- or five-day strike action in February would be announced,” said M V Murali, convenor of United Forum of Bank Unions, in a statement

Earlier, the unions had deferred a one-day strike on January 7 after bank managements improved their wage increase offer to 12.5 per cent from 11 per cent. At that time, the unions also climbed down from their stated wage increase demand of 23 per cent to 19.5 per cent.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 20 2015. 00:46 IST
RECOMMENDED FOR YOU
.