An amalgam of bank unions, representing over 7.5 lakh bank employees, confirmed that it would proceed with its two day strike on August 6 and 7 after United Forum of Bank Unions (UFBU) rejected a wage revision offer made by the Indian Banks’ Association late on Tuesday, say media reports citing UFBU office bearers.
UFBU convenor, CH Venkatachalam, said: “Yesterday they went back on the proposal they had accepted earlier, insisting that would be an annual evaluation of the cost of the scheme.”
Apart from the 7.5 lakh employees of public sector banks, staff and employees of private and foreign banks are also likely to participate in the strike, he added.
UFBU consists of five unions representing staff and workers and four unions representing officers.
Banking services in 60,000 branches across the country are likely to be affected by the strike.