PSU bank unions threaten 4-day strike from Feb 25

Posted By: Religare
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Disappointed with wage increase offered by management of banks (IBA), public sector bank employee unions has threatened to go on a four-day strike beginning February 25, said the media report.

Indian Banks' Association (IBA) has bettered its earlier offer of 11 per cent wage hike to 12.5 per cent and then again to 13 per cent.

PSU bank unions threaten 4-day strike from Feb 25

"Indian Banks' Association (IBA) today offered a meager 0.5 per cent improvement in the pay-in slip cost to 13 per cent which is unacceptable to us," United Forum of Bank Unions (UFBU) Convener M V Murali told media.

The unions demand 19 per cent hike in wages, he said.

Thus, it has been unanimously decided that bank employees would go on a four-day strike from February 25-28, Ashwini Rana, General Secretary of National Organisation of Bank Workers, said.

If strike happens it would also impact government fund transfer during the time of Budget, said the media report.

Read more about: psu banks, strike
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