UFBU strike (file)Over eight lakh PSU bank employees will hit the agitation path once again if the wage revision is not resolved soon. United forum of Bank Unions (UFBU) has decided to conduct rallies and demonstrations across state capitals on 30th October. The UFBU in its meeting held in Bangalore today has also decided to observe one day strike on 12th November. The strike would be followed by regional relay strikes.Southern region will observe strike on 2nd Dec, northern region on 3rd Dec while east and west regions on 4th and 5th Dec respectively.

The wage revision is pending since 2012.  The last meeting with the Indian Bank’s Association in last month failed to conclude the negotiations. The UFBU has demanded 25 per cent hike while the IBA is adamant on 11 per cent hike. The last revision was done in 2010 at 17.5 per cent.

The UFBU decision of one-day strike has started a fierce debate among bank workers in social media. A vast section of bank employees are in favour of indefinite strike to put pressure on the Government to resolve the deadlock. Some of the unions who are part of the UFBU have already declared that indefinite strike is the only way to press for the demands effectively.

National Organization of Bank workers (NOBW) has publicly declared that they are not in favour of token strikes and demonstrations.

Sources say that some of the other bank unions might chart a different course if the UFBU does not reconsider the decision of one-day strike and demonstrations. Some of the banking unions might declare their separate plans soon.

Meanwhile the IBA and UFBU are likely to meet at the month end to arrive at a decision on the wage revision issue.