PSU bank unions defer one-day strike

Zee Media Bureau

Employee unions of public sector banks on Tuesday deferred their proposed one-day strike on January 7.

All-India Bank Employees Association (AIBEA) is part of United Forum of Bank Unions (UFBU), the umbrella organisation of employee and officer unions of nine banks, which had given the call for one-day strike on January 7 and four days from January 21 in support of their wage hike demand pending since November 2012.

UFBU is demanding a 23 percent wage hike, but the Indian Banks' Association (IBA), the apex body of management, is willing to give about 11 percent raise in salaries.

The bank employees had gone on a day-long strike on the same issue in November last. This was followed by a zone- wise relay strike early last month.