Bank Strike: The decision by bank unions to postpone the two-day nationwide bank strike scheduled for January 30 and 31. The United Forum of Bank Unions (UFBU) has postponed the two-day nationwide bank strike, according to a report by the news agency IANS. The choice was made following a negotiation session on January 27 in Mumbai. The Indian Banks’ Association (IBA) has agreed to hold a meeting with the unions on January 31. This is according to CH Venkatachalam, general secretary of the All India Bank Employees’ Association (AIBEA), who is quoted in the report.
Remaining issues would be discussed separately
The three common issues will be discussed on January 31 according to the decision made at the conciliation meeting. The report stated that these included five-day banking, pension updates, and the restoration of the previous pension plan. It also stated that the remaining issues would be discussed separately with the appropriate officers’ and workers’ unions. On January 15, the umbrella organisation of bank unions, UFBU, announced that employees affiliated with its affiliated unions would strike on January 30 and 31 due to concerns about the 11th wage settlement for bank employees.
Bank unions want to begin negotiations
On January 15, the umbrella organisation of bank unions, UFBU, announced that employees affiliated with its affiliated unions would strike on January 30 and 31 due to concerns about the 11th wage settlement for bank employees.The most recent five-year settlement for the revision of pay and service conditions (2017–2022) has come to an end. As a result, the bank unions want to begin negotiations for a new five-year agreement. The government must fill the two lakh open positions, according to the bank unions.
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UFBU and IBA had agreed to hold talks
They also want the government to address some outstanding issues, such as pension updates, unresolved problems, the elimination of the National Pension System (NPS), and the quick start of negotiations on the charter of demands for wage revision.The demands of the bank unions were not addressed during a conciliation meeting held on January 24 at the office of the Deputy Chief Labor Commissioner in Mumbai. The United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA) had agreed to hold talks within 15 days, according to the IBA.
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