Wage talks progress, UFBU defers 3-day strike from March 11

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the banking sector, has deferred its three day strike plan following progress in their wage talks with the Indian Bank's Association (IBA), said a leader of a major union.

migrator

Updated:29th Feb, 2020 at 8:39 PM

Chennai

The progress happened at the Saturday bipartite talks between UFBU and IBA where the latter offered a 15 per cent increase in pay slip cost, encashment of five days privilege leave per year and revised offer of performance linked incentives, said C.H. Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA).

He said the IBA has agreed to discuss all other issues and in view of the positive development, all the agitational programmes including the three-day strike from March 11 stands deferred.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Wage talks progress, UFBU defers 3-day strike from March 11

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the banking sector, has deferred its three day strike plan following progress in their wage talks with the Indian Bank's Association (IBA), said a leader of a major union.

Also Read

Mayor Priya’s presence at passport centre launch sparks political buzz

TVK's Chengalpattu functionary arrested in bribery case after party expulsion

Kudankulam Nuclear Power Plant documents leaked; no risk to safety: NPCIL

Life is precious; monitor Sonam Wangchuk's health: Delhi HC tells authorities

'Introduce it in Class 5 or 6, not Class 9': Supreme Court on CBSE third language policy