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Two-day bank employees’ strike from today

NEW DELHI: Employees of public sector banks and few private sector banks will go on a two-day nation-wide strike from Monday, as last minute efforts to break the impasse between the employees unions and the association of bank managements failed.

The unions’ demands include early wage revision and another chance for those who chose the provident fund earlier to opt for the pension scheme. Many opted for the provident fund as the interest rate at the time was high. They also want restoration of the system of appointments on compassionate grounds and a halt to the proposal to merge public sector banks.

After the failure of a conciliatory meeting called by Chief Labour Commissioner S K Mukopadhyay on Friday, another round of discussion was held on Saturday between the Indian Banks’ Association and the United Forum of Bank Unions (UFBU). The meeting lasted till late in the night but did not yield a solution. The UFBU has threatened to go on an indefinite strike from March 24 if the demands were not met.

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