New Delhi, May 29 (IBNS): Around one million bank employees across the country will go on a two-day strike from Wednesday after negotiations on wage hike yielded no results.
The strike is likely to hit ATM services and salary withdrawals on the last two days of the month.
The strike has been called jointly by United Forum of Bank Unions (UFBU), comprising all the major unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
According to reports finance ministry officials and bank management, represented by the Indian Banks’ Association (IBA) held talks with the UFBU in an effort to avert the strike, which did not succeed.
. The bank unions have been pressing for various demands, including wage revision. They are protesting a nominal two percent wage hike offered by the Indian Banks’ Association (IBA). In the last wage revision in 2012, employees had received a raise of 15 percent.
Media reports quoted AIBEA president Rajen Nagar as saying that ATM security guards will also participate in the strike, which could impact ATMs withdrawal.
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