Bank employees resume work from today
August 8th, 2009 - 12:56 pm ICT by ANINew Delhi, Aug 8 (ANI): Bank employees on Saturday resumed work after a two-day strike by public sector bank employees union.
The Indian Bank Association (IBA) on Friday reportedly agreed to the demand of the bank employees for 17.5 per cent hike in their salaries.
The IBA had earlier agreed to give an average 17.5 per cent hike, but later pruned it to 13 per cent.
It was also decided that bilateral talks on wage hike would be held very soon.
The strike that began on Thursday nearly brought to a halt all bulk cash withdrawals, money market transactions, forex operations and letter of credit and cheque clearances, besides hitting retail transactions, including ATM operations and loan sanctions.
About one million employees of country’s dominating public sector banks along with some private and foreign banks staff who were on strike demanding the government to increase their wages by 17 per cent, as agreed to between bank unions and IBA earlier. (ANI)
- Staff strike hits banks operations in Karnataka - Aug 05, 2011
- Bank employees stage protest in New Delhi, Kolkata - Aug 06, 2009
- India's banking operations hit by nationwide staff strike (Roundup) - Aug 05, 2011
- Bank operations come to a standstill, as employees go on a two day strike - Aug 06, 2009
- 2 day bank strike from today - Aug 06, 2009
- Across India, bank employees go on two-day strike (Roundup) - Aug 06, 2009
- Indian bank employees go on two-day strike - Aug 06, 2009
- New wage settlement for bank employees - Apr 27, 2010
- Banker's strike enters second day, operations affected - Aug 07, 2009
- Strike doesn't affect life in Tamil Nadu - Feb 28, 2012
- Bank strike hits individuals, corporates alike (Lead) - Aug 07, 2009
- 46 Indian banks' staff get pay hike (Lead) - Apr 27, 2010
- Nationwide bank strike affects bank operations - Dec 16, 2009
- Bank employees to strike work Aug 5 - Aug 01, 2011
- India's banking industry hit by nationwide staff strike - Aug 05, 2011
Tags: atm, bank unions, bilateral talks, cash withdrawals, cheque, foreign banks, indian bank association, letter of credit, market transactions, money market, New Delhi, one million, public sector bank, public sector banks, retail transactions, salaries, sanctions, wage hike, wages