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All India Bank Strike on 20th January and 21st January 2014 Deferred as Bank Unions are satisfied with the offer in wage hike by IBA
In the talks held with UFBU (United Forum of Bank Unions) on 17.01.2014, IBA (Indian Banks’ Association) has offered 9.5% increase on “Pay Slip Cost”. So UFBU has deferred the Strike on 20th and 21st January 2014.
Now, the next talk between UFBU and IBA will be held on 27.01.2014.
Text of Information given by IBA on postponement of Bank Strike is given below
HR & Industrial Relations
January 17, 2014
Chief Executives of Member Banks
which are parties to the Bipartite Settlement
Strike Notice by UFBU on 20th and 21st January 2014 – DeferredPlease refer to our Circular No.CIR/HR&IR/Q/2013-14/8576 dated 3rd January 2014 regarding the strike call given by the United Forum of Bank Employees (UFBU) on 20th and 21st January 2014. In accordance with the submission in conciliation meeting held on 13.1.2014, we had convened meeting with the Unions/Associations on date. On being satisfied with the further improvement in offer in wage hike by IBA, the UFBU has decided to defer the strike schedule on 20th & 21st January 2014.
Member banks may kindly take note of the above and convey suitably to all their establishments.