Wage Revision: Bank Employees, officers to observe continous strike on May 30, 31 :UFBU

Hyderabad, May 11: United Forum of Bank Unions (UFBU), consisting of all nine bank unions ( (AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO), has decided to observe a two-day Nation-wide strike from May 30 to demand the government for Expeditious and early wage revision settlement for bank employees and officers which is due from November 1, 2017.

About 10 lakh employees and officers from Public Sector banks, Private Sector Banks and Foreign Banks will take part in the strike.
The strike call comes from UFBU after the failure of bipartite talks held with Indian Banks' Assocation (IBA) IN Mumbai on May 5 where the latter offered an increase of 2 per cent over the total wage bill of the Banks as on March 31, 2017 which is rejected by the former.
In order to draw the attention of the Union Finance Ministry, the UFBU had addressed a communication immediately after the talks and sought their intervention. As expected, the Finance Ministry has not responded so far and hence the strike call was given, All India Bank Employees Association (AIBEA) General Secretary Ch Venkatachalam told UNI on Friday.
Mr Venkatchalam said the strike action will begin at 6-00 AM on May 30 , 2018 and end at 6-00 AM on June 1, 2018. 
The UFBU has served strike notice on IBA today. UNI