Public sector banks have called for a country-wide\u00a0strike\u00a0on January 31 and February 1.<\/p>\n
The\u00a0strike\u00a0has been called by the All India\u00a0Bank\u00a0Officers\u2019 Confederation (AIBOC) \u2013 the largest organisation of\u00a0bank\u00a0officers in India. The United Forum of Bank Unions (UFBU), which is an umbrella body of bank employees’ unions have lent their support\u00a0to the\u00a0strike.<\/p>\n
The decision was taken after talks by representatives of nine unions in UFBU with the\u00a0Indian Banks’ Association (IBA) failed to come to an agreement over the demands of bank employees. The dates of the strike are significant as this year’s Economic Survey will be presented on January 31 while the Union Budget will be presented on February 1.
\nSome of the demands that have been placed include restructuring of salaries and working for five-days a week, among others. The organisation will also protest the large scale mergers of banks across the country and demand efficient and speedy probe into the cases of big defaulters who have escaped abroad with huge sums of money.<\/p>\n
The employees\u2019 unions had demanded a 15 per cent hike in salary but the IBA agreed to raise it by only 12.25 per cent.
\nBank\u00a0workers will again hold a series of strikes from March 11-13 on such issues and have threatened to go into an indefinite\u00a0strike\u00a0from April 1 if their demands are not met with.<\/p>\n","protected":false},"excerpt":{"rendered":"
The employees’ union have various demands including salary hike.<\/p>\n","protected":false},"author":279,"featured_media":8178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[173,32,148],"adace-sponsor":[],"class_list":["post-8177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation","tag-bank-strike","tag-national-news","tag-strike"],"yoast_head":"\n