Giving relief to millions of bank customers, Bank employees Unions tonight decided to keep their four-day strike call on hold. The decision follows assurance by Indian Banks’ Association to resolve wage issue by first week of February.
Unions had given call to strike work from Wednesday (January 21, 2015.)
M V Murali, Convenor of United Forum of Bank Unions (UFBU) in a statement said “if there is no satisfactory outcome, fresh dates for four or five day strike action in February would be announced.”
Earlier they had differed one day strike on January 07, 2015 with bank managements improving their wage increase offer to 12.5 per cent from 11 per cent. Bank Unions had also climbed down from their stated demand of 23 per cent wage increase to 19.5 per cent.