What happened: UFBU announced phased nationwide bank strikes

The United Forum of Bank Unions (UFBU), an umbrella body of bank employees’ and officers’ unions, announced a nationwide strike starting September 11. The UFBU strike announcement is linked to the delay in implementing a five-day banking week, disputes over performance-linked incentive schemes, and multiple pending demands including pension-related issues.

UFBU also threatened additional strike phases after the initial strike:

Strike timeline announced by UFBU

UFBU stated a phased protest schedule that includes a subsequent short strike and a longer indefinite strike.

Key dates mentioned in UFBU’s announcement are: