Key Highlights
- The United Forum of Bank Unions (UFBU), which represents nine major unions of bank officers and employees, said the decision to proceed with the strike was taken after conciliation talks failed to yield any breakthrough.
- The discussions, held on Wednesday and Thursday under the Chief Labour Commissioner, were attended by representatives of the Indian Banks’ Association, individual banks, the Department of Financial Services and the Ministry of Finance.
- “Despite detailed discussions, there was no positive outcome,” UFBU said in a statement, adding that unions had no option but to go ahead with the strike on January 27.
- ADVERTISEMENT At present, bank employees get Sundays and the second and fourth Saturdays off each month.
- UFBU has been demanding a uniform five-day work week, noting that the proposal was agreed upon with the Indian Banks’ Association during the wage revision settlement in March 2024.
