Nationwide bank strike over inflation tomorrow | india | Hindustan Times
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Nationwide bank strike over inflation tomorrow

The Centre of Indian Trade Unions gives a call for a nationwide strike in protest against increase in prices of fuel and essential commodities.

india Updated: Aug 18, 2008 23:08 IST

The Centre of Indian Trade Unions (CITU) has given a call for a nationwide strike on Wednesday in protest against increase in prices of fuel and essential commodities.

About 40 trade unions across the country, including AITUC, AICCTU and Hind Majdur Sangh (HMS) would participate in the agitation, CITU state general secretary A Soundararajan said.

The strike had also been called to press the demand for strengthening the public distribution system and protecting workers in the unorganised sector.

A union that represents mostly clerks and typists at the Reserve Bank of India (RBI) has also called a one-day strike on Wednesday to protest against job losses and outsourcing of work.

The RBI staff dropped to 21,900 at the end of 2006 from about 22,200 a year earlier, and has further shrunk to about 19,000, said Samir Ghosh, general secretary of the All India Reserve Bank of India Employees’ Association.

“While the RBI is handing out bank licenses and upgrading its technology on one hand, on the other it is reducing employee strength and outsourcing jobs,” Ghosh said.

About 6,00,000 workers at state-run commercial banks are also expected to strike on Wednesday.

Meanwhile, clearing operations were more or less paralysed on Monday at the State Bank of India (SBI) and its seven associate banks as officers went on a day-long strike to protest the merger of State Bank of Saurashtra with its parent bank.

Even though employees below the rank of officers did not take part in the strike, normal services were mostly paralysed as doors of these banks remained shut for customers in various parts, including Mumbai and Delhi.

“A good number of officers have not reported today and I cannot say what is the business loss for the day,” said Sitaraman, SBI deputy managing director, national banking group.

SBI and its associates have around 80,000 officers on their rolls across 15,000 branches across the country.

All-India State Bank Officers Federation President TN Goel said officers are opposing the merger since it will result in reduction of number of branches and will ultimately end up with retrenchment of staff.

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