Demanding early and adequate wage revision bank employees call for a nationwide strike

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Mangalore, Dec. 18: Demanding early and adequate wage revision a nationwide call for strike given by the United Forum of Bank Unions (UFBU) comprising of nine different trade unions in the banking sector, more than 300 bank employees in the city held a demonstration in front of Canara Bank at Balmatta here on Wednesday December 18.


Regarding to this the demonstration of  300 bank employees and officers under the banner of United Forum of Bank Unions (UFBU) held in front of SBI main branch on Tuesday.

They protest against the delaying tactics of the Ministry of Finance and the Indian Bank’s Association.


The UFBU had submitted a charter of demand before the expiry of the previous wage accord on 31st October 2012. In spite of several rounds of discussion, there is no breakthrough in negotiations as the govt. is dilly dallying on the quantum of wage increases. During the Bipartite Settlement, the IBA had agreed for an increase of 17.5% in wage bill. The sixth pay commission pay scales have made bank jobleast attractive in the market besides the additional burden of accountability, transfer-ability and late working hours in banks.


“In the light of the announcement of the seventh pay commission by the government, the bank employees feel let down by the government and the IBA. The IBA had met UFBU leadership on December 14 at Mumbai wherein they had offered a paltry increase of 5% in pay which was rejected by UFBU. The conciliation proceedings called by the chief labour commissioner Delhi on December 16 ended in a failure as there was improved offer from IBA.


“More than ten lac bank employees are hence observing a one day token strike on December 18 in response to the call given by UFBU demanding a early wage revision.

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