Bank Strike: Two-day all India bank strike from Monday. 10th Bipartite Settlement.
Employees of public sector banks will go on a two-day nationwide strike from February 10 as unions and management have failed to reach a consensus on wage revision.
“The conciliation meeting before the chief labour commissioner between the unions and Indian Banks Association (IBA) failed to find an amicable solution,” United Forum of Bank Unions (UFBU) convener M V Murali said.
The UFBU has called for a 48-hour all India bank strike on February 10 and 11, as the conciliation talks with the banks’ management regarding raise in wages remained inconclusive. The next round of talks will take place on February 13.
Originally, the all India strike was slated for January 20-21. It was deferred as IBA increased its offer from five per cent to 9.5 per cent and promised to improve it further. During its last meeting on January 27, IBA improved its offer by a paltry 0.5 per cent to 10 per cent.
This annoyed the UFBU representatives, who have been seeking an increase of nearly 30 per cent, as the wage revision of public sector bank employees was due since November 2012. There are 27 public sector banks in the country with an employee’s strength of about 8 lakh.
Staff of public sector banks had gone on a day’s strike nationwide on December 18, as discussions with IBA on wage revision had failed on December 14. The wage revision of public sector bank employees has been due since November 2012.