Millennium Post

Bank staff defer today’s strike; talks to continue

Public sector bank employee unions have defered their one-day strike, proposed for Wednesday, while negotiations will continue with the management representatives on wage hike and other issues.

Bank unions have deferred the strike as Indian Banks Association (IBA) improved the offer to 12.5 per cent from 11 per cent, United Forum of Bank Unions (UFBU) Convener M V Murali said.

The UFBU is the umbrella organisation of nine bank employees and officer unions.

All India Bank Employees Association General Secretary C H Venkatachalam said negotiations would continue as the unions have not agreed to the improved offer.

"We will continue to negotiate for further improvement in the wage revision with the IBA," Venkatachalam said.

The wage revision of public sector bank employees has been due since November 2012.
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