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Bank employees defer 4-day strike

The employees unions of public sector banks, which had announced a four-day s trike from 21 January have now deferred the d ecision after the Indian Banks Association assured them that the issues relating to wage increase will be settled by February. A spokesperson of the United Forum of Bank Unions said the strike has now been put on hold as IBA has assured the forum that the wag issue will be re solved by the first week of February. The unions has announced that they will go on a four-day strike from 21 January to protest against the rigid and callous attitude of the central government in resolving the long pending wage revision. The forum spokesperson added that if there is no satisfactory resolution of the issue, the employees will go on a four to five day s trike in February. The unions had deferred one-day strike scheduled for 7 January as IBA improved the wage hike offer to 12.5% from 11% earlier. The unions are demanding a wage hike of 19%.

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