Financial institution unions defer Jan 30-31 strike

The United Discussion board of Financial institution Unions (UFBU) has deferred the two-day nationwide financial institution strike on January 30-31 following an understanding on the conciliation assembly held in Mumbai, mentioned C.H.Venkatachalam, Normal Secretary, All India Financial institution Workers’ Affiliation (AIBEA).

In accordance with Venkatachalam, the Indian Banks’ Affiliation (IBA) has agreed to carry a gathering with the unions on January 31.

On the conciliation assembly held on Friday, it was determined that the three frequent points —

1. 5 day banking,

2. updation of pension and

3. restoration of previous pension scheme

will likely be mentioned on January 31.

The opposite residual points will likely be mentioned with respective officers and workmen unions individually.

The UFBU is an umbrella physique of a number of financial institution unions which had earlier determined to go on strike to press their varied calls for.

The strike was to press for the next calls for: 5 days banking, updation of pension, residual points, scrapping of Nationwide Pension System (NPS), instant beginning of negotiation on constitution of calls for for wage revision, and satisfactory recruitment in all cadres.

(With inputs from IANS)