Bank unions announce strikes on September 11 over unresolved issues
The UFBU has called for a one-day strike on September 11, followed by a three-day strike from September 28 to 30.
The United Forum of Bank Unions (UFBU) has initiated a series of strikes, beginning on September 11, over unresolved labor issues. UFBU, which claims to represent over 90% of the banking workforce, demands the implementation of a five-day banking week and a revision of the government's Performance Linked Incentive (PLI) scheme. Following these demands, the unions have threatened a three-day strike from September 28 to 30 and a potential indefinite strike starting October 26, 2026.
The seven unions comprising UFBU represent workers in public, private, foreign, regional rural, and cooperative banks. The key demands include a five-day banking week, withdrawal of the PLI scheme, and resolution of pending issues. The five-day week was previously agreed upon in principle in 2015 but remains unimplemented. The PLI scheme, introduced in 2020, has also sparked controversy, as the unions allege it disproportionately benefits senior officers while undermining collective bargaining.
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