Money & Banking

Bank staff to strike work tomorrow, says union

LN Revathy Coimbatore | Updated on November 25, 2017


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.”

Inflexible

The 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.

Published on November 10, 2014

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