VIZIANAGARAM: Some 10 lakh bank employees and officers under the umbrella of UFBU (United Forum of Bank Unions) would strike work in the country on June 12 in protest against the indifferent attitude of Indian Banks’ Association (IBA). The main demand of the UFBU is adequate hike in wages besides unconditional option for pension scheme and implementation of compassionate appointment/ex-gratia scheme as per agreed understanding.

B. S. Ram Babu, general secretary of APBEF, told a press conference here on Wednesday that the government reportedly was not agreeable to extend the revised compassionate appointment/ex-gratia scheme to cases prior to July 2004 and also the wage hike of 15 per cent over the wage bill of March 31, 2007 was not acceptable. Prior to the strike the employees would organise dharnas in all major towns on June 4, mass rally/demonstrations on June 11, he said and added that the unions would observe two-day strike some time in July and intensify it in phases in the near future, if the government failed to honour their demands. M. Ch. Gupta, district president, A. Krishna Rao, general secretary of APBEF and others were present.