On Bank Unions 2 days strike notice Chief Labour Commissioner(CLC) called conciliation meeting to avoid 2 days proposed all India Bank Strike. Since Indian Banks Association (IBA) has not given any revised offer for wage revision United Forum of Bank Unions (UFBU) has decided to proceed for 2 days all India Bank Strike on 30th and 31st May, 2018 for the demand of early wage revision and against the 2% offer of wage hike given by Indian Bank Association (IBA).
Bank employees wage revision is due w.e.f. 1.11.2017. A charter of demand was submitted by Unions in the month of July 2017.
Department of Financial Services, Ministry of Finance, Government of India was very much interested to give wage revision w.e.f. 1.11.2017 itself and written 2 letters to IBA for early wage revision. But IBA late started the negotiations and in 10 rounds of meetings only management issues and non financial issues were discussed. On 5th May 2018 meeting IBA offered 2% hike which was rejected by Unions and decided to go for 2 days all India Bank Strike on 30th and 31st 2018.
Why at the time of bank employees wage revision question of Profitability comes.
UFBU demands that Govt should advice the IBA to give respectable and justified wage revision as early as possible to avoid 2 days proposed all India Bank Strike.
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