Tuesday, January 20, 2015

Bank Strike postponed, but on which assurance from IBA and when ?

Four days' proposed strike has been deferred (or withdrawn) after much drama. The decision made public only on yesterday but perhaps decided a week earlier. Based on a letter from IBA addressed to Convenor, UFBU dated 13.01.2015, IBA stated that after the managing committee meeting scheduled on 31st January, in which the developments will be discussed and after that next bipartite meeting will be held on first week of February 2015. IBA also expressed it's eagerness to conclude the process within 15th of next month.
As no other assurance came from IBA after this letter dated 13th January 2015, It is widely believed that UFBU called the meeting for face saving on 19th January at Mumbai and only confirmed IBA’s instructions  dated 13.01.2015.
Click here for IBA's letter to Convenor, UFBU, dated 13th Jan'15
(Letter reproduced from Bankingonly.com)
Click here for AIBOC Circular dated 20.01.2015
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