{"id":705,"date":"2018-05-11T11:11:45","date_gmt":"2018-05-11T11:11:45","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=705"},"modified":"2018-05-11T11:20:20","modified_gmt":"2018-05-11T11:20:20","slug":"bank-unions-announce-48-hour-strike-from-may-30","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/bank-unions-announce-48-hour-strike-from-may-30\/","title":{"rendered":"Bank unions announce 48-hour strike from May 30"},"content":{"rendered":"<p>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.<\/p>\n<p>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.<\/p>\n<p>&#8220;The strike notice has been served to Indian Banks Association (IBA) representing the bank management and the Chief Labour Commissioner (Central), New Delhi,&#8221; CH Venkatachalam, General Secretary, AIBEA, told this reporter.<\/p>\n<p>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.<\/p>\n<p>Venkatachalam said the IBA offered an increase of 2 per cent over the total wage bill of the banks as on March 31, 2017.<\/p>\n<p>In the last 10th Bipartite Wage Settlement that was made effective from November 1, 2012, the IBA had agreed to a hike of 15 per cent over the total wage bill.<\/p>\n<p>The unions had rejected the IBA offer, Venkatachalam said.<\/p>\n<p>While the government had asked the IBA to conclude the wage revision settlement before November 1, 2017, the latter has been delaying, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. 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