Bank unions’ June 27 strike postponed

Bank unions have decided to postpone their June 27 strike

New Delhi:

Bank unions on Thursday postponed their proposed strike on June 27 as the Indian Banks’ Association (IBA) agreed to start negotiating talks on their claims.

The United Forum of Bank Union (UFBU), an umbrella body of nine banking unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organization of Bank Workers (NOBW) threatened to leave strike to express for issues related to pension and the claim for five days a week work.

According to the agreement with IBA, the negotiations on various pending issues will begin on July 1, CH Venkatachalam, general secretary of AIBEA, said after a meeting held under the chairmanship of the chief labor commissioner.

Other claims included an update and review of pension for all pensioners and the abolition of the national pension scheme and the restoration of the old pension scheme for all bank employees.

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