Bank Employees Go On Strike
Sunny • onDid You Know 11 years ago • 2 min read

Bank employees go on strike - 25/01/08

Employees of nationalised banks today went on a day-long nationwide strike to oppose the proposed merger of associate banks with the State Bank of India disrupting normal function of the banking sector.

United Forum of Bank Unions (UFBU), apex union of bank employees, claimed that over 10 lakh employees and officers are observing strike to press their demands.

"Normal banking transactions have been disrupted across 50,000 branches all over the country," UFBU General Secretary V K Gupta told PTI.

UFBU, comprising nine all-India unions and organisation, has been opposing merger of SBI's associate banks with the parent financial lender and outsourcing of work.

Earlier during the week, the conciliation meeting held in the office of Chief Labour Commission between Indian Banks Association and the employee association failed to yield any positive result.

Besides, the union has been demanding second pension option, appointment on compassionate ground and early settlement on wage revision.

The strike follows the failure of tripartite talks today between Chief Labour Commissioner, SBI management and the unions on the merger issue.

The unions have also threatened to go on a two-day strike from February 25 and on an indefinite strike from the fourth week of March if their demands were not met.

India

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