A crucial meeting of the United Forum of Bank Unions (UFBU) leaders will be held tomorrow to discuss the offer of the Indian Banks Association (IBA) on the demand of wage revision of about 10.5 lakh bank employees and officers working with the public and private sector.

Convener, UFBU, C H Venkatchalam said on Sunday that the offer from the IBA came after the grand success of our two-day nationwide strike on August 6 and 7.”

Prior to this, UFBU’s proposed nationwide strike on June 12 was deferred because the IBA had appeared to be positive and seemed to agree on demand of wage revision with an increase of 17.5 per cent, he said.

However, the IBA, in a meeting held on August 4, reduced the offer to 13 per cent which had led to the two-day strike, he said. They (IBA) also abolished earlier mutually worked out schemes such as compassionate ground appointment and financial compensation scheme. They went back on all the issues and made a mockery of the negotiations held so far, Venkatachalam said.

It was obvious that the Government was calling the shots from behind, so there was no alternative for UFBU than to go ahead with the strike, he said.

More In: Business