1 hr ago
Bank Strike Deferred After Late-Night IBA-UFBU Meeting
Bank employees had planned to strike from September 28 to September 30.
They want banks to operate on a five-day work week.
This would mean making all Saturdays holidays instead of working on some Saturdays.
They also want changes to a performance-linked incentive scheme.
On Sunday night, bank representatives and unions held a meeting.
They agreed to create a committee to discuss the Saturday holiday request.
They also agreed to discuss changes to the incentive scheme and other unresolved matters.
Because of these discussions, the unions postponed the planned protests and strike actions.
They have warned that an indefinite nationwide strike could start on October 26 if the issues are not resolved.
The September 28-30 bank strike was deferred after an IBA-UFBU meeting at 9:30 pm on Sunday.
The unions are seeking a five-day work week, with all Saturdays declared holidays.
A high-level committee will examine alternatives for declaring remaining Saturdays holidays.
The IBA may propose changes to the PLI scheme for Scale IV and above officers.
Unions warned that an indefinite nationwide strike could begin October 26 if demands remain unresolved.
- Who
- The Indian Banks' Association (IBA) and the United Forum of Bank Unions (UFBU), representing bank unions and employees.
- What
- The UFBU deferred a planned September 28-30 strike after the IBA-UFBU meeting produced agreements to discuss Saturday holidays, PLI changes, and other unresolved issues.
- Where
- The article identifies the proposed action as a nationwide bank strike in India.
- When
- The meeting took place at 9:30 pm on Sunday, one day before the planned strike; an indefinite strike was warned for October 26 if demands remain unresolved.
- Why
- The unions are seeking a five-day work week, all Saturdays as holidays, changes to the PLI scheme, and resolution of residual issues.
Key facts
- Strike dates
- September 28-30; the action was deferred.
- Meeting time
- 9:30 pm on Sunday.
- Main demand
- A five-day work week with all Saturdays declared holidays.
- Saturday schedule sought
- The unions want to replace the existing practice of working on the first, third, and fifth Saturdays.
- PLI discussions
- The IBA can propose modifications to the PLI scheme for Scale IV and above officers to the government.
- Earlier strike
- The unions held a one-day strike on September 11.
- Potential next action
- An indefinite nationwide strike was warned for October 26 if demands are not resolved.
Quotes
Shiv Shankar Singh
Working President of the All India Bank Officers' Confederation (AIBOC)
“The provision for 5-day banking was part of that agreement. It has been over two and a half years now, yet it has not been implemented, even though it should have been put into effect immediately. We are against the government, we are government employees”
livemint.com
“Our continuous demand has been for a 5-day work week in banking.”
livemint.com
Sources
Related news
Bank Unions Defer Three-Day Strike After Late-Night IBA Talks
Indian Bank Unions Escalate Strikes Over Banking, PLI, Pensions
Bank Unions Press Three-Day Strike Over Five-Day Week
Bank Employees’ September Strike Postponed After IBA-UFBU Talks
Bank Strike Deferred After Sunday Work, Sparking Online Memes
Bank Strike May Disrupt Branch Services Across India
Banks Open Sunday Before Deferred Three-Day Nationwide Strike
World roundup: bank strike deferred, pandas arrive, conflicts intensify
