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Banks unions defer January 7 strike

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  7 Jan 2015 12:00 AM GMT

Cheni, January 6: Unions in the banking sector on Tuesday decided to defer their January 7 tiol strike with the Indian Banks’Association (IBA) upping its hike offer by 1.5 percent to 12.5 percent, said a union leader. Further talks are scheduled Wednesday, C.H.Venkatachalam, general secretary, All India Bank Employees Association (AIEBA) told IANS over phone from Mumbai. “IBA has improved their offer to 12.5 percent. Talks will continue tomorrow (Wednesday) morning and the strike announced earlier on January 7 has been deferred,” he said Wage negotiations between United Forum of Bank Unions (UFBU) and the IBA were held in Mumbai Tuesday evening as per the decision taken at the conciliation meeting held in New Delhi on Monday. The UFBU had decided to go on strike on January 7 which will be followed by four days of continuous strike on January 21–24 and an indefinite strike from March 16 demanding early resolution of their wage hike talks. The UFBU includes AIBEA, tiol Confederation of Bank Employees, Bank Employees Federation of India, Indian tiol Bank Employees Federation, Indian tiol Bank Officers Congress, tiol Organisation of Bank Workers, All India Bank Officers Association and tiol Organisation of Bank Officers. The unions have demanded a wage hike of 23 percent whereas IBA has proposed an 11 percent hike. Earlier, Venkatachalam told IANS that the unions would consider climbing down from their demand if the magement comes up with a better offer and agrees to some of their other demands. (IANS)

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