UFBU to go on nationwide strike on Aug 6, 7
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Last Updated: Tuesday, July 21, 2009, 23:12
Mangalore: The United Forum of Bank Unions (UFBU) has threatened to go on a two-day nationwide strike next month to press for their demands, including a hike in pay scales.

The UFBU, an umbrella organisation of nine unions in the banking industry, decided to protest against the negative attitude of the Indian Banking Association (IBA) and the government and threatened to go on a nation-wide strike on August six and seven, All India Bank Officers' Confederation (AIBOC) General Secretary G D Nadaf told reporters here today.

Despite the robust performance in business, growth and profits par excellence by all banks, the employees and officers' salary revision, which was due from November one, 2007, was kept in cold storage by the IBA and government, he alleged.

Unfortunately, the IBA at the instance of the government has reduced its earlier offer on salary revision from 17.5 per cent to 15 per cent, he said.

The 17.5 per cent offer of IBA was also rejected by the UFBU as it was far below our expectations, he added.

The working class was totally unhappy about the 2009-10 Budget as it was corporate-oriented and "AAM AADMI" was neglected, he alleged.

Passing on the burden of Fringe Benefit Tax (FBT) on employees from employers was a retrograde step, he opined.

Bureau Report

First Published: Tuesday, July 21, 2009, 23:12

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