Bank employees’ unions reject 2% salary hike, threaten strike1 min read . Updated: 05 May 2018, 09:52 PM IST
Bank employees' unions have rejected the 2% salary hike offer made by Indian Banks Association (IBA) and threatened to go on 2 day strike to press their demand
New Delhi: Bank employees’ unions have rejected the 2% salary hike offer made by Indian Banks Association (IBA) and threatened to go on strike to press their demand.
Wage revision for Bank employees are due from 1 November 2017.
The initial offer of the IBA was meagre 2%, which was totally rejected by the constituents of the United Forum of Bank Unions, AIBOC general secretary D.T. Franco said in a statement.
UFBU comprises of 9 employees and officers union.
In the meeting held today IBA’s unjust offer of 2% was rejected by United Forum of Bank Unions, National Organisation of Bank Worker’s vice president Ashwani Rana said.
In the last wage revision IBA provided an increment of 15%. It has decided to send a detailed communication to the government immediately followed by a nationwide demonstration on 9 May 2018, All India Bank Officers’ Confederation (AIBOC) said.
It was also decided that unions will go for two-days strike if the government or IBA does not respond immediately, it said.