PSU banks employees may go on 2-day strike over wage revision

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SBI, other PSU banks have informed their customers that operations may be impacted due to the proposed two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the Indian Banks’ Association (IBA).

The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of the nine bank unions including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

The meeting before Chief Labour Commissioner on Monday remain inconclusive so unions did not take back strike notice, AIBOC president Sunil Kumar said.

The wage revision for employees of public sector banks is pending since November 2017. Unions are demanding wage revision settlement at 20% hike on payslip components with adequate loading.

In the past wage settlement, which was for the period 1 November 2012, to October 31, 2017, the employees got a 15% hike.

Many banks including SBI have informed customers that operations may be impacted to some extent due to the proposed two-day nationwide strike beginning January 31.

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