Banks to observe strike on November 12

  • HT Correspondent, Hindustan Times, Patiala
  • Updated: Nov 10, 2014 21:44 IST

Seeking revision in their wages and service conditions, employees of all the public sector banks, under the banner of the United Forum of Bank Unions (UFBU), are going to observe strike on November 12.

Parmod Sharma, joint general secretary of the All India Bank Officers' Confederation (AIBOC), said wages and service conditions in the banking sector are governed by the industry-level bipartite settlements signed between the Indian Banks' Association (IBA) and the workmen unions and officers' associations, but the IBA has failed to take up their demands.

He said the wage revision of the bank employees has been due since November 1, 2012.

"All the banks, that have given mandate to the IBA to negotiate on behalf of them, are parties to the settlements. But the recalcitrant and callous attitude of the IBA has inordinately delayed the negotiation process and there is no significant progress in the wage negotiations," he said.

He said bank employees, workmen and officers, have been performing well despite severe stress due to substantial increase in workload in the banks due to inadequate staff strength, but nobody bothered to listen to their demands.

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