Photo related to strike in Indian banks.

One million bankers to go on strike on February 28th

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Chennai: A union leader said today that around one million bankers will go on strike on February 28 following the failure of conciliation talks between the United Forum of Bank Unions (UFBU) and the management.

In the banking sector, the UFBU is an umbrella body of nine unions.

All India Bank Employees Association (AIBEA) General Secretary C.H. Venkatachalam said the Chief Labour Commissioner of the Ministry of Labour had called for a conciliation meeting in Delhi on Tuesday morning.

Representatives of the Indian Banks Association (IBA) and UFBU were present.

Venkatachalam said, “All attempts to find solutions to the demands raised by the unions yielded no result. So the United Forum of Bank Unions decided to proceed with the proposed strike on February 28.”

He said one million employees and officers of public sector banks, private banks, foreign banks, co-operative banks and regional rural banks will strike work on that day.

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