Bank employees demand quick wage revision

Tribune News Service

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Jalandhar, February 20

Hundreds of bank employees and officers on the call given by United Forum of Bank Unions (UFBU) staged a massive demonstration in front of the main branch of State Bank of India today to press upon their demand for better and expeditious wage revision.

Bank employees raised slogans against the government and the Indian Bank Association. They condemned the inordinate delay in settling the demand of wage revision that is due from November 2012.

Amrit Lal, convenor of UFBU, Jalandhar unit, said eight lakh bank employees and officers would observe all-India strike from February 25 to February 28 and would proceed on indefinite strike from March 16 if the demand for wage revision was not considered by the government.

“IBA has offered 13 per cent increase in the wages but UFBU is sticking to its demand for increase of 19.5 per cent in the wages,” said RK Gupta, secretary, NCBE.

He said banks had earned sizeable profits of Rs 1,27,654 crore in the year ending in March, 2014, and the demand for wage revision looking to the price rise and erosion of wages on account of inflation is justified.

Secretary GK Joshi said if bad loan of Rs 7,500 crore towards Vijay Mallya is recovered only then the demand of 19.5 per cent increase in wages amounting Rs 6,142 crore could easily be accepted.