Bank strike on March 24-25: UFBU firm on strike as talks with IBA fail

The United Forum of Bank Unions (UFBU) has given a call for a two-day protest on 24th and 25th March over various demands.

The demands of UFBU include adequate recruitment in all cadre, regularising temporary employees and 5-day work week in the banking industry.

Meeting with IBA Failed:

Official sources stated that UFBU discussions with the Indian Banks' Association (IBA) over key demands failed to yield any positive outcome and hence, the former is firm to go ahead with its proposed two-day nationwide strike.

In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek. Still, the key issues remained unresolved, National Confederation of Bank Employees (NCBE) General Secretary L Chandrasekhar said, reported The Economic Times.

The UFBU, an umbrella body of nine bank employees' associations, earlier announced the strike to press for these demands which included filling up the workmen and officer director posts in public sector banks.

The unions have also sought the withdrawal of recent directives from the Department of Financial Services (DFS) regarding performance reviews and performance-linked incentives, alleging that such measures threaten job security, the report added.