The United Forum of Bank Unions (UFBU) has decided to go ahead with the all-India bank strike on November 12, as their bid to arrive at a consensus ended in a stalemate.
Talking to BusinessLine from New Delhi, General Secretary of AIBEA (All-India Bank Employees Association), CH Venkatachalam, said: “We had direct negotiations with the IBA (Indian Banks’ Association) this morning. It lasted for two-and-a-half hours.”
InflexibleThe IBA, he said, has stuck to its earlier stand of 11 per cent, contending that banks had no money to pay more. UFBU, on the other hand, tried to be more flexible by scaling down the demand from 25 per cent to 23 per cent.
“We met the Chief Labour Commissioner later in the day, but there was no progress.
“As our demands remain unresolved, we have decided to go ahead with our strike call on November 12.
“The relay strike proposed in December also stands,” Venkatachalam added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.