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Talks fail, bank employees to stop work for two days starting May 30

Tuesday May 29, 2018 6:53 PM, News Network

Bank Strike 2018

New Delhi: The bank unions are set to go ahead with their proposed 48-hour long strike starting from Wednesday May 30 as all efforts by Additional Chief Labour Commissioner (CLC) Rajan Verma to find an amicable solution failed.

"Verma tried his best to sort out the strike-related issues but there is no positive development. Though the bankers, through the IBA, said they are willing to reconsider the proposed wage hike, there was no concrete proposal. Hence, the strike stands," All India Bank Employees' Association General Secretary C H Venkatachalam is quoted by The Business Standard.

With the bank employees’ strike coinciding with the month end salaries class and pensioners are likely to be worst affected. Earlier, various banks, including State Bank of India, Bank of Baroda and Canara Bank, had cautioned that their services and normal banking operations would be impacted by the strike.

“If the strike materialises, a certain section of the Bank’s employees may participate in the strike on the said date, in which case, it is likely that the normal functioning of the branches / offices of the Bank may get affected,” Punjab and Sind Bank (PSB) said last week adding that it is taking all necessary steps in terms of the existing guidelines to deal with the strike and for the smooth functioning of Bank's branches/offices.

The State Bank of India – the largest bank of the country, had also warned that routine banking services will be severely affected if the bank employees go ahead with their strike called by United Forum of Bank Unions (UFBA).

The United Forum of Bank Unions (UFBA) – an umbrella organization of bank unions including AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO, has called the strike to press for several demands including wage revision and improvement in other service conditions.

This is possibly the first time that the bank employees’ unions have called a two-day strike. Pressing similar demands, the bank unions have in the past called a day long strike. Businesses are also worried because services could be hit consecutively for five days if the unions go ahead with their decision as May 30 and May 31 fall on Wednesday and Thursday. After a day’s work on Friday, Saturday and Sunday are again weekly off.

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