Bank unions to go on nationwide strike from May 30

INDORE, India - May 25, 2018 - PRLog -- Various State-run banks will go on a two-day strike on a national scale, on May 30-31 as employees and officers to protest against a nominal hike of 2% offered by the Indian Banks' Association (IBA).

In the wage compromise meeting held on May 5th this year, the Indian Banks' Association had proposed to offer 2% hike in the wage bill cost as on March 31, 2017. Making a range of demands, United Forum of Bank Unions and Indian Banks' Association have informed the State Bank of India (SBI) about their decision to forward with the strike.

In the last wage settlement for the period November 2012 to October 2017, Indian Banks Association had given a wage hike of 15%. It also maintained that the negotiations on officer's demands would be limited up to scale-III officers only. However, these actions did not yield desired results with the employees and officers of various state-run banks.

United Forum of Bank Unions (UFBU) members include All India Bank Officers' Confederation, All India Bank Employees Association and National Organization of Bank Workers. The strike is to be expected to impact the business of State Bank of India and many other state-owned banks.

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