All India Bank Strike on Feb 10-11,2014

The United Forum of Bank Unions (UFBU) has called for a 48-hour all India bank strike on February 10 and 11, as the conciliation talks with the banks’ management regarding raise in wages remained inconclusive

To avert the two-day bank strike, Chief Labour Commissioner B.K. Sanwaria directed the Indian Banks’ Association (IBA) to hold conciliation meeting with the Union representatives in New Delhi on Thursday Feb 06,2014

As the management failed to improve its earlier offer of 10% of wage increase, the UFBU officials announced the strike.

Note

• Originally, the all India strike was slated for January 20-21,2014

• It was deferred as IBA increased its offer from 5% cent to 9.5% and promised to improve it further. During its last meeting on January 27, IBA improved its offer by a paltry 0.5 % to 10 %