Banks employees go on two-day strike

Agencies
Posted: 2008-09-24 10:37:57+05:30 IST
Updated: Sep 24, 2008 at 1037 hrs IST

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Employees of public sector banks on Tuesday went on a two-day nationwide strike to protest merger and consolidation in the sector and delay in settlement of issues like wage revision.

"Talks with the Chief Labour Commissioner have failed and we proceeded with the strike," said United Forum of Bank Unions (UFBU) Convener V K Gupta.

The Forum has given the two-day strike call to protest delay in settlement of issues like wage revision, second pension option, he said.

Employees are also protesting the government's policy of privatisation and consolidation, he added.

However, major private sector banks remain opened. There are 26 public sector banks with around 60,000 branches across the country.

Last month, officers of SBI and its associate banks went on a strike against the merger of State Bank of Saurashtra with its parent State Bank of India. Two days later, a section of bank employees of nationalised banks also went on a stir to protest the same issue.

Despite protests, SBS has been merged with the State Bank of India.

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» Bank Strike against Merger

Posted by Lawrence George on 2008-09-24 15:14:15.416571+05:30
One of the main reasons for the present strike is stated as the PSB Mergers and SBI Consolidation as it leads to Privatisation and negligence to Rural lending and to poverty aleiviation programmes.Both these arguments are baseless and against facts. If two or three PSBs merged together how will it become a private one. We have seen New Bank of India merged with Punjab National Bank (both PSBs). SBI the Biggest Bank of the counrty having largest Rural net work and having highest Farm sector lending double than that of the second top Bank i.e. PNB. So the argument that a monolith organisation will loose interest in Rural operation is incorrect. Further in life insurance, LIC is taking care of common man. In general Insurance, immediately after nationalisation more than 100 companies merged into Four units and effectively taking care the needs of nation averting the threats of foreign companies. Why in Banking alone, the Trade Unions have a different tone against consolidation especially when they demand the merger of only Four units in general Insurance to form a "single entity" like LIC. Ofcourse it may because of loss of few valuable 'Director' posts and other privileges for Unions.

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Banks employees go on two-day strike

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