Postponement of the June 27 strike of the banking unions

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Banking unions have decided to postpone their June 27 strike

New Delhi:

Banking unions postponed plans for a June 27 strike on Thursday as the Indian Banking Association (IBA) agreed to enter into bargaining talks over their demands.

The United Forum of Bank Union (UFBU), an umbrella organization of nine banking unions, including the All India Bank Officers’ Confederation (AIBOC), the All India Bank Employees Association (AIBEA) and the National Organization of Bank Employees ( NOBW) had threatened to go on strike to pressure retirement issues and the demand for five-day-a-week work.

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In accordance with the agreement with IBA, negotiation talks on various pending issues will start on July 1, AIBEA Secretary General CH Venkatachalam said after a meeting chaired by the Commissioner in head of work.

Other demands included an update and review of the pension for all pensioners, the abolition of the national pension scheme and the reinstatement of the old pension scheme for all bank employees.

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