Public sector bank employee unions threaten to go on strike

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Public sector bank employee unions have threatened to go on a four-day strike from February 25 expressing their unhappiness with wage increase offered by the management of banks.

Indian Banks’ Association (IBA), the apex body of management, has increased its earlier offer of 11 per cent wage hike to 12.5 per cent and then again to 13 per cent.

But United Forum of Bank Unions Convener M,V. Murali said that Indian Banks’ Association has offered only 0.5 per cent improvement in the pay-in slip cost to 13 per cent which was not acceptable to them.The unions demand 19 per cent hike in wages, added Murali.

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