Bank Unions to go on strike on December 27 over pay hike for IDBI employees

The two major bank unions in the country had announced that they would go on strike on December 27. The two unions, All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) would be protesting in support of wage revision in IDBI Bank.

Th ejoint statement that has been issued by the two unions stated that they had been taking up the matter repeatedly with IDBI Bank management and with the central government but the matter is dragging on endlessly. Because of which, it has been decided to give a call for all-India strike in all the banks on December 27.
According to AIBEA and AIBOA, the United Forum of Bank Unions (UFBU) has decided to extend support for the December 27 strike.

The UFBU is an umbrella body of nine unions in the Indian banking sector.

According to the statement, the wage revision for IDBI Bank employees was due on November 11, 2012. 

The IDBI Bank employees went on two-day strike in October demanding revision of wages.