Bank unions to go ahead with strike Sep 24-25 as talks fail
Tuesday, Sep 23
NEW DELHI - United Forum of Bank Unions today said it will go
ahead with the proposed bank strike Wednesday and Thursday following
failure of talks with Indian Banks Association.
The United Forum for Bank Unions, an apex body of bank unions, had
given the strike call to protest banking sector reforms, merger of
public sector banks and wage issues.
"The talks have failed, we are going ahead with the strike,"
United Forum of Bank Unions Convenor C.H. Venkatachalam said.
"The strike is because of the delay in settlement of our issues
like wage revision, second pension option and government decision to
privatise and consolidate banks," Venkatachalam said.
Venkatachalam said about 900,000 employees of public sector banks,
old generation private sector banks and foreign banks will join the
strike.
The finance ministry had last week termed the strike unjustified and
uncalled for as the government does not propose to transfer control
and management of public sector banks to private sector.
"It has been made clear that the government will hold not less
than 51% equity in the public sector banks and their public sector
character will be preserved," finance ministry said in statement last
week.
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