Herald: Bank employees strike hits services

Bank employees strike hits services

31 May 2018 05:40am IST
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31 May 2018 05:40am IST

Team Herald

PANJIM: Goa Bank Employees Association (GBEA) on Wednesday protested the nominal 2 per cent wage hike offered by the Indian Banks’ Association (IBA). The call for the strike interrupted banking services across the State.

As the strike coincides with the month-end, salary withdrawals from branches are likely to get affected. Some ATMs may also take a hit.

Besides, deposits in branches, FD renewals, government treasury operations, money market operations would feel the impact of the strike. 

The banking fraternity went on a two-day strike from Wednesday as conciliation efforts by the government failed to convince bank unions to call off the stir against the proposed low wage hike. “Wage revision in banks is due from November 1, 2017. Government has been advising the Indian Banks’ Association to conclude the settlement before November 2017. Unions have submitted the Charter of Demands in May 2017 and discussions commenced with the unions in May 2017. But even though several rounds of discussions have taken place, IBA did not come forward to make any offer,” GBEA General Secretary A M Pereira said.

He added, “On May 5, 2018 in the negotiations IBA made an offer to hike the wages by 2 per cent quoting poor financial condition of the banks. They also refused to negotiate a wage revision for all officers and to restrict the wage revision for Scale I, II and III officers and not including Scale IV to VII under the wage revision process though from 1979 wage revision for officers covers all officers.”

The strike call was given by the United Forum of Bank Unions (UFBU), a representative body of nine bank unions. Bank employees protested at Azad Maidan, Panjim. 

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