Bank staff strike today | india | Hindustan Times
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Bank staff strike today

THE UNITED Forum of Bank Unions (UFBU), an umbrella of nine unions, has called for a nationwide strike on October 27 to oppose outsourcing, privatisation and the proposed increase in voting rights of foreign investors in private banks.

india Updated: Oct 27, 2006 15:52 IST

THE UNITED Forum of Bank Unions (UFBU), an umbrella of nine unions, has called for a nationwide strike on October 27 to oppose outsourcing, privatisation and the proposed increase in voting rights of foreign investors in private banks.

The strike was announced after the conciliation meeting held on October 18 by Chief Labour Commissioner with the unions and Indian Banks Association (IBA) did not yield any result.

The union blamed the casual approach of the Government and IBA for the failure of the meeting in which UFBU had also demanded fresh recruitments, restoration of compassionate appointments and one more option to join the pension scheme.

A demonstration was staged by the UFBU near Panchanan Bhawan here on Thursday. The convener of UFBU in Madhya Pradesh, Ravi Bilgaiyyan said bank employees will gather at the Community Hall near New Market at 11 am on October 27 and a rally will be taken out at noon.  

The strike is likely to impact the working in public sector banks like State Bank of India, State Bank of Indore, Punjab National Bank, Union Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, UCO Bank, Bank of Baroda, Canara Bank and others.

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