Bank employees observe strike, demand wage revision | punjab | Hindustan Times
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Bank employees observe strike, demand wage revision

punjab Updated: Nov 12, 2014 21:19 IST
HT Correspondent

Bank employees and officers under the banner of United Forum of Bank Unions (UFBU) observed a full-day strike on Wednesday and held a demonstration in front of the Union Bank of India, The Mall, Bathinda, demanding immediate finalisation of the 10th wage revision settlement.

Addressing the rally, convener Pawan Jindal condemned the negative attitude of the Indian Banks' Association (IBA) and the government regarding wage revision of bank employees.

He said wages and service conditions in the banking sector were governed by the industry-level settlements between the IBA and workmen unions and officers associations operating in the banking industry.

Wage revision settlement in banks is due from November 2012. IBA has been delaying the matter despite 14 meetings with the negotiating committee of the UFBU for the past two years.

The protesters said in a scenario where prices were rising everyday and workload on employees had also increased due to steep increase in the volume of business, there was a need to raise the wages of bank employees but the attitude of IBA and the government was not serious.

IBA has offered to increase wages by 11% which is inadequate and unacceptable to bank employees. The UFBU is going on a zone-wise strike from December 2 to 5 for its demands.