Bank Union Call Strike On Wage Revision

A Masterstroke by Bankers Union – STRIKE on 12th November for early settlement of 10th Bipartite Wage Revision. A failed leadership and goalless decision. Strike was important as  Indian Banks Association (IBA) has rejected demand for higher wages and are sticking to their earlier 11 per cent hike citing poor financials of the lenders.

Strike is called by AIBEA (All India Bankers Bank Union Call Strike On Wage RevisionEmployers Association), with over 5 lakh members, is a major constituent of UFBU.