Bank Employees Strike on 12th November 2014
UFBU have announced a all India token strike on November 12 to reiterate their demands for a wage revision. The decision was made at the meeting that was held in Bengaluru yesterday.
It has been more than two years since the wage revision agreement had expired. Following this, a number of meetings were held between the associations and the bank management over the new salary and increment contracts. The IBA didnít accept the demand for a 25% salary hike. Instead, the management offered 11% hike. The negotiations failed.
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