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StaffCorner

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23 Feb, 2015 07:25 PM

Bank unions withdraw strike call, settle wages

Bank unions withdraw strike call, settle wages Employee unions of public sector banks withdrew their strike call on Monday following an agreement with the management on 15 per cent wage hike.

"In today's talks, wage revision settled at 15 per cent with effect from November 2012," United Forum of Bank Unions (UFBU) Convener M V Murali said.

The bank unions had threatened to go on 4-day nation-wide strike from February 25 demanding 19 per cent hike in wages. The wage hike was due from November 2012.

At a meeting today in Mumbai, PSU banks employee unions and bank management, Indian Banks' Association (IBA), agreed on 15 per cent wage hike and entered into an agreement for it.

National Organisation of Bank Workers (NOBW) Vice President Ashwini Rana said: "We are not happy as our expectation was that bank staff would get what was given to them last time -- 17.5 per cent increase in wages".



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