Banking Wage Negotiation update:
STRIKE DEFERRED !!
IBA has formed a Small Committee for working on merger of Special Allowance to Basic with relevant loading factor besides 15% hike on Payslip component along with 5 days encashment per year and 3 Slabs of PLI.
In today's talks with IBA in addition to 15% increase in pay slip cost, some more forward movement is there in our demands. In view of this positive development our agitational actions and 3 Days Strike is deferred.
Circular follows.
--- Convenor, UFBU
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