Millennium Post

Bank staff plan huge strike on 12 November

The United Forum of Bank Unions (UFBU), an umbrella organisation comprising various employee bodies, has given the strike call.

All-India Bank Employees Association (AIBEA) General Secretary C H Venkatchalam said they were forced to give a strike call as Indian Banks Association (IBA) has rejected demand for higher wages and are sticking to their earlier 11 per cent hike citing poor financials of the lenders.

IBA is the representative body of bank managements. UFBU has decided to take out rallies on 30 October in all the state capitals and other centres across the country before observing the strike, Venkatchalam said.

The one-day stir will be followed by relay strikes on 2 December in the South, on 3 December in the North the next day in the West and on 5 December in the Northeast, he said.

AIBEA, with over 5 lakh members, is a major constituent of UFBU. Venkatchalam warned that if the IBA does not meet their demand, the unions will be forced to take more drastic steps like an indefinite strike.
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