Bank unions have called off the proposed 3-day strike after ‘positive’ developments at the bipartite meeting held in Mumbai. EA number of employee unions under an umbrella body called United Forum of Bank Unions had given the strike call demanding increase in wages among other demands. The All India Bank Employees’ Association in a statement said in the bipartite meeting held between the unions and Indian Banks Association, discussions were held in respect of offer of increase in pay levels to 15% and demand for 5-day banking. The statement said IBA has agreed to discuss all other issues raised by the unions. The bank employees had observed a 2-day strike from 31 January after talks over wage revision failed to make headway. At the recent talks, IBA agreed to offer an increase of 15% in payslip costs and consider some other demands. The proposed strike was to be held from 11 March to 13 March. The unions were demanding a 205 hike in wages. IBA had earlier agreed to offer 12.5% increase, which was not acceptable to the unions.
