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Bank employees may strike as wage talks fail

Bank employeesBank employee unions are expected to announce a strike and other forms of agitation following the failure of talks on wage revision between Indian Banks’ Association and the United Forum of Bank Unions (UFBU) in Mumbai recently. In a statement, D.T. Franco, general secretary, All India Bank Officers’ Confederation (AIBOC) said the initial offer of IBA was meager which was totally rejected by the constituents of the United Forum of Bank Unions. Wages for bank employees have to be revised from 1 November 2017, he said. The UFBU may send a communication to the government seeking its intervention and failing which the employees may resort to agitations, including strikes. The UFBU is proposing to hold nationwide demonstrations on 9 May.

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