Bank strike scheduled for January 30 and 31 has been called off, key meeting tomorrow

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The United Forum of Bank Unions (UFBU) has delayed the nationwide Bank strike of two days between January 30 and 31, in the wake of an agreement reached at the conciliation conference held in Mumbai in the presence of C.H.Venkatachalam General Secretary of the All India Bank Employees Association (AIBEA).

Bank strike

According to Venkatachalam Venkatachalam

Indian Banks` Association (IBA) has agreed to host the IBA unions meeting on the 31st of January. At the conciliation session which was held on Friday night, it was agreed that the three major issues — five-day banking, pension increase, and the restoration of the old pension scheme will be debated on January 31st.

Bank strike

Other issues that remain are to be discussed

with the respective workers’ unions and officers separately. The UFBU is an umbrella organization of a variety of bank unions that previously had decided to strike to push their different demands.

Bank strike

The aim of the strike was to press for the following demands:

5 days of bank holidays, a rise in pension, issues relating to residual scrapping of the National Pension System (NPS) immediately launching negotiations on a charter of demand for wage increases, and the proper recruitment of every cadre.

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