10th Bipartite Settlement News Update for Feb 2015. The much talked settlement news of banker’s are now seen fuss. They deferred their much awaited and promised four days strike and agitation after getting confirmation from IBA that settlement would be done with Union demands but the outcome has come with mere 0.5% increase.
The recent meeting held on 03-02-2015 , IBA increased its offer merely by 0.50% with 13% against the union demand of 19.50%. As expected the UFBU has announced the Four Day Strike Program from 25th to 28th February, and indefinite strike from 16th March, 2015.
I don’t understand why they are waiting for 25th for strike, why not to go on strike from very next day to deepen the pressure on IBA and government. There is election time in Delhi and Government would naturally think about their demand.
But I believe that the Banker’s Union are guided by IBA only….