Due to failure of wage revision negotiation between United Forum of Bank Unions (UFBU) and IBA under X Bipartite settlement. IBA improved its earlier offer of salary increase 12.50 % to 13% in the taday’s meeting (03.02.2015 which the unions called unsatisfactory offer. Under the Bipartite settlement wage revision of bank employees and officers once in 5 years. The present negotiations for wage settlement is pending from 01.11.2012. As per the source close to the developments, UFBU revives the agitation programme and call given for 4 days strike programme from February 25, 2015 to February 28, 2015 followed by indefinite strike from March, 2015.
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