After deferring last month’s strike, the bank employees have threatened to go on four-day strike from Feb 25
Prahlad Rao | February 4, 2015 | New Delhi
As India gets into budget season and tax deduction pains, the employees of public sector banks have threatened to go on a four-day strike beginning February 25. As we had said earlier, long bank strikes do harm the financial sector and has cascading effect on all businesses.
Read More: Bank staff declares 4-day strike but will not function for a week in January
All India Bank Employees Association General Secretary CH Venkatachalam said if a suitable wage negotiation is not reached, then unions would not be left with any other option but to go for indefinite strike from March 16 onwards.
February is a cruel month for the salaried middle class. Those who have had no luxury of financial planning, find their salaries cut and chopped due to income tax deductions.
Work will also be hit at various offices as beginning February 14 there are three long weekend holiday slots will be on the horizon if the bank strike goes through.
Here is the break up: February 14 happens to be Saturday, Feb 15 (Sun), Feb 16 (Mon) and February 17 (Tuesday) is a holiday as it is Maha Shivratri. Next weekend will be bank strike (Feb 25 to Feb 28) from Wednesday to Saturday. Since February is a short month, the next weekend from March 6 to March 8 is also going to be holiday slot with March 6 being Holi festival and it fall on Friday.
Bank staff should have relook at the choice of their strike dates and days as India approaches end of financial year.
To be fair, the bank unions have been involved in wage negotiations from Feb 2013.
Indian Banks' Association (IBA), the apex body of management, has bettered its earlier offer of 11 per cent wage hike to 12.5 per cent and then again to 13 per cent.
"Indian Banks' Association (IBA) offered a meagre 0.5 per cent improvement in the pay-in slip cost to 13 per cent which is unacceptable to us," said United Forum of Bank Unions (UFBU) Convener MV Murali.
The unions demand 19 per cent hike in wages, he says. There are 27 public sector banks in the country with combined employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country.
One-day strike scheduled for January 7 was deferred as IBA had improved the wage hike offer to 12.5 per cent from 11 per cent. The four-day strike from January 21 after the managements assured that wage-related issues will be resolved by early February.
The UFBU includes AIBEA, National Confederation of Bank Employees, Bank Employees Federation of India, Indian National Bank Employees Federation, Indian National Bank Officers Congress, National Organisation of Bank Workers, All India Bank Officers Association and National Organisation of Bank Officers.
Maharashtra has modified guidelines on restrictions imposed to curb the spread of Covid-19, and put out clarifications on do Do’s and Don’ts to be followed under its ‘Break the Chain’ orders. Starting Saturday, Rapid Antigen Tests are allowed for non-vaccinated
Raising concerns about the “leaks” of aspects of an ongoing investigation into incidents leading to political turmoil in Maharashtra, former chief minister and senior Congress leader Prithviraj Chavan has said the NIA is selectively leaking info on the case and it is a serious matter. &n
Maharashtra, suffering from a heavy number of fresh cases every day and complaining of vaccine shortage, has replied to the union health minister criticism and blamed the centre for the situation. “Union Health Minister Shri Harsh Vardhan ji needs to be reminded that Maharashtra tops t
Amid tighter movement restrictions as the city and the state continue to battle a consistently rising trajectory of fresh Covid-19 cases, Mumbai civic authorities on Thursday allowed 24-hour home deliveries of food and essential supplies through online service providers like Zomato and Swiggy on all days o
India recorded a new high of 1,15,736 daily Covid-19 cases with Maharashtra bearing nearly half of the load, as the state and the centre traded charges for the first time since the outbreak. State leaders sought to put part of the blame on the centre while union health minister Dr Harsh Vardhan slammed the
Anil Deshmukh is reportedly considering approaching the supreme court Tuesday to challenge a Bombay high court order that had forced him to quit as home minister of Maharashtra a day earlier. Deshmukh tendered his resignation to governor Bhagat Singh Koshyari, citing moral grounds, after the