Bank Strike

Bank employees under UFBU (United Forum of Bank Unions) will be observing 2 days strike on 20th and 21st January 2014 for speedy settlement of their long pending wage settlement issue and also for stopping banking sector reforms. The wage settlement issue is pending for above one year now and there is no headway in the issue with IBA the negotiating body for the government offering meagre 5% increase in wage load which means 1% wage increase for the each 5 year duration for which the settlement runs. The UFBU also has not shown any inclination for speedy settlement as its added banking sector reforms as one of issue which should not have been mixed with wage settlement issue. The government is in no hurry to settle the issue as its busy in next poll process.