GET Stock QuotesNews18 APP
News18 English
»
1-min read

Wage Revision Talks Fail, Bank Unions Threaten Strike

In a statement issued in Chennai, D.T. Franco, General Secretary, All India Bank Officers' Confederation (AIBOC) said, "The initial offer of the Indian Banks Association was meager which was totally rejected by the constituents of the United Forum of Bank Unions.

IANS

Updated:May 5, 2018, 11:43 PM IST
facebookTwittergoogleskypewhatsapp
Wage Revision Talks Fail, Bank Unions Threaten Strike
A man walks past a City Union Bank branch in Mumbai, India, February 19, 2018. (Image for representatin only. Photo: Reuters/Francis Mascarenhas)
Chennai: Wage revision talks between Indian Banks' Association and the United Forum of Bank Unions (UFBU) failed on Saturday in Mumbai as the offer by the former was meagre, said a leader of a bank union.

He also said the unions may resort to agitation including strikes.

The UFBU is the umbrella body of bank unions in the country.

In a statement issued in Chennai, D.T. Franco, General Secretary, All India Bank Officers' Confederation (AIBOC) said, "The initial offer of the Indian Banks Association was meager which was totally rejected by the constituents of the United Forum of Bank Unions.

"Bank employees and officers are already paid very low compared with the Government employees as well as the private sector," he said.

Wages for bank employees have to be revised from November 1, 2017, he said.

According to Franco, the UFBU has decided to send a detailed communication to the Government immediately followed by a nationwide demonstration on May 9.

"It was also decided that Unions will go for two days strike if the government/IBA does not respond immediately," he said.

Also Watch

| Edited by: Bijaya Das
Read full article
Loading...
Most Active
Company Price Change %Gain
UPL 624.20 +74.60 +13.57
Bajaj Finance 2,760.35 +39.00 +1.43
HDFC Bank 2,158.15 -30.90 -1.41
Bajaj Auto 2,685.00 -154.60 -5.44
PC Jeweller 96.05 +14.15 +17.28
Company Price Change %Gain
Dewan Housing 611.10 -3.10 -0.50
PC Jeweller 96.00 +14.10 +17.22
Just Dial 554.20 -25.50 -4.40
UPL 620.15 +69.90 +12.70
Bajaj Auto 2,687.45 -153.65 -5.41
Top Gainers
Company Price Change %Gain
UPL 621.00 +71.40 +12.99
Vedanta 212.40 +10.00 +4.94
UltraTechCement 4,033.75 +162.05 +4.19
ICICI Bank 275.10 +9.30 +3.50
ITC 283.65 +9.65 +3.52
Company Price Change %Gain
Vedanta 212.50 +9.90 +4.89
ITC 283.75 +10.30 +3.77
Maruti Suzuki 9,690.00 +303.25 +3.23
ICICI Bank 274.40 +8.40 +3.16
Adani Ports 381.40 +11.50 +3.11
Top Losers
Company Price Change %Gain
Hero Motocorp 3,164.60 -212.35 -6.29
Bajaj Auto 2,681.90 -157.70 -5.55
Wipro 276.00 -7.00 -2.47
Tech Mahindra 644.70 -14.75 -2.24
Grasim 921.65 -17.45 -1.86
Company Price Change %Gain
Hero Motocorp 3,169.25 -203.90 -6.04
Bajaj Auto 2,684.50 -156.60 -5.51
Wipro 275.60 -7.45 -2.63
HDFC Bank 2,159.35 -30.75 -1.40
ONGC 156.00 -1.85 -1.17
Loading...
Loading...