Money & Banking

Bank strike stands on May 30-31 as talks fail: UFBU

Our Bureau New Delhi | Updated on August 17, 2018 Published on May 28, 2018

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The proposed nationwide bank strike on May 30 and May 31 stands as the conciliatory talks convened by the Chief Labour Commissioner here on Monday failed, the UFBU has said.

“Although the Chief Labour Commissioner tried his best to sort out the strike issue, there is no positive development. The strike stands,” C.H.Venkatachalam, General Secretary, All India Bank Employees Association told BusinessLine after the conciliatory meeting here on Monday.

It may be recalled that the strike call was given by the United Forum of Bank Unions (UFBU), a representative body of nine bank unions, in the wake of the Government’s casual approach to wage revision for bank employees/officers; IBA’s meagre offer of 2 per cent hike in wage bill towards wage increase and IBA’s delay in resolving charter of demands.

The UFBU has demanded expeditious and early wage revision settlement. Also, the wage revision settlement should include all officers up to Scale VII, according to Venkatachalam.

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Published on May 28, 2018
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