Financial Daily from THE HINDU group of publications
Friday, Jul 16, 2004
Financial Daily from THE HINDU group of publications Friday, Jul 16, 2004 |
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Money & Banking
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Trade & Labour Unions Wage settlement: Bank unions plan strike on Aug 24 Our Bureau
Coimbatore , July 15 THE impasse between the bank unions and the IBA (Indian Banks' Association) continues. Annoyed over the prolonged delay in settlement of wages, the United Forum of Bank Unions (UFBU) has given a call to its members to strike work on August 24. The UFBU, which met under the Presidentship of Mr S.D. Dhopeswarkar, President, AIBEA (All India Bank Employees Association) in Mumbai recently, said that an agitation at this juncture has become inevitable because of the adamant attitude of the IBA. The union sources say that all efforts at convincing the IBA to speed up the wage negotiation has been in vain. The unions had been negotiating for over 20-months now and the stalemate continues. The sources said that they had exhibited patience and remained positive in their approach, but the IBA as unwilling to accept a `fair and adequate' revision.
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