3-Day Bank Strike Deferred After Meeting Between Association, Unions
The United Forum of Bank Unions (UFBU) has deferred its three-day nationwide strike, which was due to begin on Monday, after talks with the Indian Banks' Association (IBA) on Sunday night.
The Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU) have agreed to defer a proposed three-day nationwide bank strike from September 28 to 30. The decision was reached during a meeting between the parties on Sunday night. The UFBU had been seeking a five-day banking week and improvements in pension benefits, among other demands.
A high-level committee comprising representatives of the IBA and UFBU will now be formed to discuss the demand for declaring the remaining Saturdays as holidays and to work towards a solution acceptable to all stakeholders. The Finance Ministry had earlier stated it had no commitment to implement the five-day banking week demand.
The strike was originally planned to address several issues, including the five-day banking week, pension benefits, and the Performance Linked Incentive (PLI) scheme for senior officers.
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