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Source: media reports

Public sector bank unions calls off strike

Public sector bank unions calls off strike
PTI
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First Published: Mon, Feb 25 2008. 09 32 AM IST
Updated: Mon, Feb 25 2008. 09 32 AM IST
New Delhi: The two-day strike of the public sector banks through out the country has been called off following an agreement between the banks and unions to discuss their demands.
Chairman of the Indian Banks Association (IBA) M.B. N. Rao told PTI from Bangalore that the IBA and United Forum for Bank Unions have agreed to hold discussions on the union demands.
Rao said a formal agreement to hold discussion between the two sides would be signed Monday. Rao said pending discussions, the unions agreed not to carry out their strike Monday and Tuesday.
He said detailed schedule for talks would be drawn on 3 March.
Union sources said a memorandum of standing is likely to be signed between IBA and the United Forum of Bank Unions, which had called for the strike, later Monday in Mumbai on various demands of employees, union sources said.
The unions are demanding early settlement of wage revision, second option for employees to go for pension scheme and compassionate appointment, among other things.
They are also protesting against merger between PSU banks.
Earlier, a conciliatory meeting called by Chief Labour Commissioner S.K. Mukopadhyay Friday and another by the IBA Saturday had failed.
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First Published: Mon, Feb 25 2008. 09 32 AM IST