Bank strike tomorrow if talks fail

Bank strike tomorrow if talks fail
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Highlights

Unions in the banking sector and the Indian Banks Association (IBA) will continue their wage negotiations on Tuesday in Mumbai, said a top union official. “At the conciliation meeting held on Monday by the central chief labour commissioner at Delhi, IBA said it would hold negotiations with UFBU (United Forum of Bank Unions) on Tuesday at Mumbai to find an amicable solution,\" CH Venkatachalam, general secretary the All India Bank Employees Association (AIEBA), said.

Chennai: Unions in the banking sector and the Indian Banks Association (IBA) will continue their wage negotiations on Tuesday in Mumbai, said a top union official. “At the conciliation meeting held on Monday by the central chief labour commissioner at Delhi, IBA said it would hold negotiations with UFBU (United Forum of Bank Unions) on Tuesday at Mumbai to find an amicable solution," CH Venkatachalam, general secretary the All India Bank Employees Association (AIEBA), said.

Venkatachalam also told his members to be ready for a strike on Wednesday if the talks do not yield any positive results. Unions in the banking sector under the umbrella organisation UFBU have announced a five-day strike this month demanding early resolution of their wage hike negotiations. The UFBU has decided to go on strike on Wednesday which will be followed by four days of continuous strike from January 21 to 24 and an indefinite strike from March 16. Employees of the RBI, Nabard and Old General Private Banks will also take part in the proposed strike.

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