Bank Unions Announce 48-Hour Strike From May 30

Over 10 lakh bankers in government and private banks will go on a 48-hour strike starting on May 30, said an All India Bank Employees Association (AIBEA) leader.

The United Forum of Bank Unions (UFBU) proposed the strike beginning 6 am on May 30, till 6 am on June 1, demanding early revision of wages. The wage revision has been due since November 1, 2017.

“The strike notice has been served to Indian Banks Association (IBA) representing the bank management and the Chief Labour Commissioner (Central), New Delhi,” C.H. Venkatachalam, General Secretary, AIBEA, told IANS.

The UFBU is an umbrella body of nine unions in the banking sector representing staff and officers. Wage revision talks between UFBU and IBA held in Mumbai on May 5 had ended in a failure.