Employee unions of India's state-owned banks plan to stage a two-day nationwide strike, starting May 30, to protest a 2% wage increase offered by the Indian Banks' Association, according to reports from The Economic Times and Newsclick.
The two-day strike has been called by United Forum of Bank Unions, an umbrella platform of nine bank unions, including All India Bank Employees' Association, All India Bank Officers' Confederation and All India Bank Officers' Association. The development came after IBA earlier this month proposed a 2% hike in total wage bill of the banks as on March 31, 2017.
The offer of 2% hike is meager as compared to the 15% wage increase bank employees got during the last wage settlement for Nov. 1, 2012, to Oct. 31, 2017.
