PSU bank employees on 2-day nationwide strike for pay hike
August 6th, 2009
CNBC TV-18 learns that employees of public sector banks are on a strike on 6th and 7th of August. The unions claim all nine unions of officers and clerks, who are supporting the strike.
Why the strike?
The demand includes pay hike of 17.5% against the 13% offered by the Indian Banks Association (IBA). The unions also want employees to get a second option to choose between pension and provident fund. Some of the employees had rejected pension when the offer was first made to them in 1993.
The bank management informs that the employees at the AGM level onwards don’t participate in a strike. Customers are less impacted these days because of ATM’s though services like bank drafts which won’t be available henceforth.