“Further to the UFBU’s strike notice served on IBA, today on the intervention of the Government, a conciliation meeting was held by the office of the Chief Labour Commissioner. Mr. S.K. Chand, Dy. Chief Labour Commissioner conducted the conciliation proceedings. All constituents of UFBU and IBA representatives took part in the conciliation meeting.

From the UFBU we brought to the attention of the Dy CLC the circumstances that forced the UFBU to give the call for strike. We informed that on the one hand the Government was going ahead with their reforms agenda and on the other hand, the IBA is not coming forward to resolve the various issues raised by UFBU. The situation is being aggravated by various unilateral guidelines from the Government on HR issues affecting bilateralism in the banking industry. Further, in violation of the existing settlement and provisions, regular and permanent jobs are being outsourced. We also complained that IBA was not even acknowledging our Notice or taking initiative for finding amicable solutions to our demands. Hence the agitation and strike has been forced on the UFBU.