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Thursday, January 30, 2020

All India Bank Strike on Jan 31,2020 and Feb 01,2020 - Services at ATMs, Branches to Take a Hit This Weekend


Banking services will be affected across India as several bank employees' unions have called for a two-day bank strike from Friday Jan 31,2020 as talks with management of public sector lenders on wage revision have failed to reach a consensus

The banks will be closed for the three days as bank unions have announced that they would sit on strike on Friday and Saturday Feb 01,2020



The call for the strike has been given by the United Forum of Bank Unions (UFBU), an umbrella body of 9 bank unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW)

Earlier this week, a meeting with the Chief Labour Commissioner remained inconclusive, AIBOC President Sunil Kumar said

The wage revision for employees of public sector banks is pending since November 2017

Apart from the scrapping of the new pension scheme, demands from the Bank unions include 20 per cent pay hike on payslip components, 5-day work week and merger of special allowance with basic pay

The Bank employees have been waiting for a hike in wage since November 2017 are likely to join the protest

"Today's talks with Indian Banks' Association (IBA) failed on demand from unions, so strike call stands," AIBEA General Secretary C H Venkatachalam said

IBA's rigid approach has left unions with no option than to go on strike, Vekatachalam said, adding, "We appeal to the banking customers to bear with us for this disruption in services due to the strike but the same has been forced on us by the bank managements and IBA."

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