8/4/2009 Two-day nationwide bank strike o…

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Two-day nationwide bank strike on Aug 6

Press Trust of India / New Delhi August 4, 2009, 16:07 IST

Banking services are likely to be affected as employees of public sector banks across the country will go on a two-day
nationwide strike from August 6 to press for wage hikes and other issues.

There was a meeting between employee unions and the Indian Banks'
Association (IBA) in the presence of the Chief Labour Commissioner. However,
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it failed to yield any result, United Forum of Bank Unions (UFBU) Convener C H
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Venkatachalam said.
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"We are going ahead with the strike," he said, adding that the IBA has further
reduced the rate of wage hike from the proposed 17.5 per cent to 13 per cent.
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At the same time, the IBA further did not concede demands on pension and
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Thus, employees are forced to strike work as the IBA continues its stiff stance,
he said, adding that the legitimate demands are being neglected by the
managements of banks, leading to hardship for customers.
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The UFBU is an umbrella body of nine bank employee unions of the country
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and claims to have members from public, private and foreign banks.
- LIC employees protest
As many as one million employees, including officers, will participate in the
against introduction of LIC
strike, affecting services in about 60,000 bank branches in the country, the
Bill
UFBU claimed.
- Maha govt staff call off
proposed strike
Unions have called for strike on August 6 and 7 pressing for an increase in
wages and another option to join the Pension Scheme. - Govt rules out bailout,
promises to address
Meanwhile, Finance Minister Pranab Mukherjee in the Rajya Sabha while grievances
replying to a question said, wage revision of officers and staff of the public - 22 lakh Maha govt employees
sector banks are due since November, 2007. to go on strike from Aug 4
- Pvt carriers still booking tickets
"The wage revision of officers and employees is negotiated by Indian Banks' for Aug 18
Association (IBA) that represents the management of such banks, which have
- Pranab to talk to Patel on pvt
mandated it to negotiate on their behalf, with the Unions or associations
airlines' strike
representing the employees and officers," he said.

The unions present their charter of demands to IBA and thereafter several rounds of negotiations are held by IBA with
unions to arrive at a settlement, he said.

Resolving the issue is a time consuming process, he said, adding "efforts are being made to arrive at a settlement."

Tags : public sector banks | strike | wage hikes

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