strike

strike

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After a day-longlast Friday, close to 1 million employees of various banks, including private lenders, will be on one-dayon December 26 to protest against the proposed amalgamation of Vijayaand Denawithof Baroda.With this banks will be closed for 5 days in the last one week. Banking services were hit due to strike last Friday. The banks were closed on December 22 and 23 on account of fourth Saturday and Sunday respectively. They will further remain closed on December 25 on account of national holiday for Christmas and December 26 due to strike."We called the strike on December 21 demanding full and unconditional mandate for the XIth bipartite wage revision talks based on a charter of demands submitted in May, 2017. No headway has been made in the process so far even after 19 months since discussion on wage revision began," All India Bank Officers Confederation's (AIBOC) Assistant General Secretary Sajay Das had said.Around 3.20 lakh officers from various state-run banks were on a one-dayon December 21, seeking immediate wage revision and opposing the proposed merger.The union opposed the current move to restrict the salary settlements only up to Scale III by citing non-receipt of the 'unconditional mandates' from five banks as a reason whereas 15 banks from the public sector and two private banks have already given 'unconditional mandates'.The wage talks are on for the past 13 months between the unions and IBA, the latter has offered a wage revision of 8 just per cent.In the past wage settlement, which was for the period November 1, 2012 to October 31, 2017, the employees got a 15 per cent hike.(Inputs from PTI/IANS)