Bank unions to go on 2-day strike from Monday

Employees of public sector banks will go on a two-day nation-wide strike from February 10 as unions and management have failed to reach a consensus on wage revision.

"The conciliation meeting before the Chief Labour Commissioner between the unions and Indian Banks Association (IBA) failed to find an amicable solution," United Forum of Bank Unions (UFBU) Convener M V Murali told PTI.

So, UFBU has decided to go on two day nation-wide from February 10 to press for higher wage revision, he said.

General Secretary of National Organisation of Bank Workers, Ashwini Rana, said as the offer made by bank management is not in line with the rising inflation, the unions are compelled to stage protest.

Staff of public sector banks had gone on a day's strike nationwide on December 18, as discussions with IBA on wage revision had failed on December 14. The wage revision of public sector bank employees has been due since November 2012.

UFBU is an umbrella organisation of nine bank employees and officers unions.

There are 27 public sector banks in the country with employees strength of about 8 lakh. There are about 50,000 branches of these banks across the country.