Operations in public sector banks are likely to be hit as their employees have decided to go for a nation wide strike starting today to press for wage revision. Employees union allege that during the conciliation meeting held on 6 February before the Chief Labour Commissioner, no improvement was seen in the wage offer of the 10 per cent hike in the pay package.
As conciliation proceedings remained inconclusive, United Forum of Bank Unions decided to go on a two day nation wide on 10th and 11th February. Banks including countries largest lender, State Bank of India has informed customers in advance about the likely inconvenience they could face due to the strike.
Officials from National Organization of Bank Workers, are saying that the offer made by bank management is not in line with the raising inflation, so the unions are compelled to protest. The wage revision of public sector bank employees has been due, since November 2012, as reported by nnis.
Private sector players such as ICICI Bank, HDFC Bank, Axis Bank etc. are expected to function normally. All India State Bank Officers' Federation and All India State Bank of India Staff Federation, being part of UFBU will also participate in the strike. There are 27 public sector banks in the country with employee strength of about eight lakhs.