The four-day bank strike of employees from nationalised banks has been postponed following talks between unions and IBA “Four-day strike has been put on hold as Indian Banks’ Association (IBA) assured that wage issue will be resolved by the first week of February,†United Forum of Bank Unions (UFBU) Convener M.V. Murali said. The strike call was given by United Forum of Bank Unions (UBFU), which has more than 10 lakh employees and officers of banking Industry under its umbrella. The UFBU is an umbrella organisation comprising of nine bank staff unions. According to earlier reports, there are 27 public sector banks in the country. Public sector bank employees have been calling for a wage revision from November 2012 and various talks with the IBA were not successful even though the Unions have been conducting strikes over the years. However, the unions have warned that if IBA fails to resolve the wage issue by February, then there would be fresh call for strikes. CH Venkatachalam, general secretary, All India Bank Employees Association (AIBEA) said, “If there is no satisfactory outcome, fresh dates of strike action in February would be announced. We expect the government to intervene and settle the demands of employees.â€
