Employees of PSU banks threaten to go on two-day strike from January 31

By: |
Published: January 27, 2020 7:43:39 PM

Unions are demanding wage revision settlement at 20 per cent hike on pay slip components with adequate loading.

The wage revision for employees of public sector banks is pending since November 2017.The wage revision for employees of public sector banks is pending since November 2017.

Bank unions have threatened to go on a two-day nationwide strike from January 31 to press for early wage revision.

The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of the nine bank unions including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

The meeting before Chief Labour Commissioner on Monday remain inconclusive so unions did not take back strike notice, AIBOC president Sunil Kumar said.

The wage revision for employees of public sector banks is pending since November 2017.

In absence of no clear commitment from the Indian Banks’ Association on demand from unions, the strike call stands, said AIBEA general secretary C H Venkatachalam in a statement.

“IBA’s rigid approach has left us with no option than to go on strike. We appeal to the banking customers to bear with us for this disruption in services due to the strike but the same has been forced on us by the bank managements and IBA,” he said.

Many banks including SBI have informed customers that operations may be impacted to some extent due to the proposed two-day nationwide strike beginning January 31.

If proposed strike materialises, it will coincide with beginning of the Budget session and presentation of Budget 2020-21.

UFBU in circular alleged rigid approach of the Indian Banks’ Association on demands for a fair wage revision settlement.

“In this background, the meeting of UFBU held at Mumbai on January 13 came to the unanimous and inescapable conclusion that intensified agitational actions have to be resorted to press our demands for reasonable resolution and satisfactory settlement,” it said.

Unions are demanding wage revision settlement at 20 per cent hike on pay slip components with adequate loading.

In the past wage settlement, which was for the period November 1, 2012, to October 31, 2017, the employees got a 15 per cent hike.

Earlier this month, a section of bank employees had gone on a day-long strike on January 8 in support of 10 major trade unions’ protest call against the government’s “anti-people” policies.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Urban cooperative banks report nearly 1,000 frauds worth over Rs 220 crore in past five fiscals: RBI
2Govt steps in to make your bank deposits safer; banks to pay more in case of failures
3Indian banking sector is stressed, but govt in no position to bail it out: Abhijit Banerjee