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Mangalore, Aug. 12 The All-India Bank Officers’ Confederation (AIBOC) has threatened to go on an indefinite strike, if the Indian Banks’ Association (IBA) fails to come for discussion with the United Forum of Bank Unions (UFBU) on the second pension option for bank employees.

Addressing presspersons on the sidelines of the 17th all-India conference of Corporation Bank Officers’ Organisation (CBOO) here on Sunday, Mr Amar Pal, General Secretary of AIBOC, said that the bank unions were to go on a three-day strike in March last, demanding the settlement of issue of giving one more option for pension to employees.

At the intervention of the Finance Minister and the Prime Minister, the Chief Labour Commissioner had held parleys and directed the IBA to come for discussion with the unions. The discussion was to be completed by June 30.

“Already it has been much delayed. So, people are losing patience. We have given time to IBA to call the unions for discussion by August 15. If they fail to do so, then we will meet by the end of this month and take a decision on future action.

“This time it will be an indefinite strike. The industry will be closed and the responsibility lies with the Government and IBA,” he said.

Opposing the moves of some banks to have alliances, he said the trade unions are altogether opposed to alliances. Addressing the CBOO members earlier, Mr Pal complimented the bank staff for their commitment to the bank. This commitment is the main reason for the growth of the bank, he said.

He said that the reduction of Government stake in public sector banks to 51 per cent is not good for the industry.

More Stories on : Trade & Labour Unions | Social Security | Pension Plans | Public Sector Banks

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