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Bank strike on Dec 26 against mergers, salary revision

CHENNAI, DEC 2 (IANS) | Publish Date: 12/2/2018 11:36:06 AM IST

A day after the Indian Banks’ Association (IBA) raised its wage hike offer to 8% from 6%, the United Forum of Bank Unions (UFBU) called a nationwide strike on December 26 against bank mergers and pay revision.

UFBU, the consortium of nine unions in the banking sector, is opposed to the merger of Bank of Baroda, Dena Bank and Vijaya Bank, the All India Bank Employees Association (AIBEA) and the National Organisation of Bank Workers (NOBW) said on Saturday.

The AIBEA and the NOBW are constituents of the UFBU.

“Merger is not a solution. It (merger of BoB, Dena and Vijaya banks) was a unilateral decision of the government. Views of other stakeholders like shareholders and employees should have been sought,” NOBW Vice President Ashwani Rana told IANS.

Rana said the government has been short-sighted as it can’t wish away non-performing (NPAs) assets through mergers. 

 

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