Advertisement

HindustanTimes Wed,22 Oct 2014

Bank strike hits financial dealings

HT correspondent, Hindustan Times  Jalandhar, December 18, 2013
First Published: 23:15 IST(18/12/2013) | Last Updated: 23:17 IST(18/12/2013)

Bank employees' nationwide strike for wage revision and against banking reforms stalled the sector's operations here on Wednesday.

Advertisement

Nearly 2,500 bank employees and officers in Jalandhar and another nearly 4,000 in the district participated in the agitation, forcining the closure of 260 and 670 bank branches, resepectively, for the day. Nearly 18,000 cheques for total transactions worth `200 crore could not be cleared.

Cash transactions of `200 crores were also affected. "Business worth `800 crores suffered in the district on account of the strike," said United Forum of Bank Unions convener Amrit Lal. "The last bipartite settlement on the revision of wages and service conditions, covering the period from November 1, 2007, to October 31, 2012, has expired and the revision of pay and service conditions is due again from November 2012m," he added.

The officers and employees threatened to intensify the agitation and take more strike actions, if their demands were not met.

comment Note: By posting your comments here you agree to the terms and conditions of www.hindustantimes.com
blog comments powered by Disqus
Advertisement
more from Jalandhar

Cops take 6 months to lodge NRI couple’s complaint

The Punjab government’s claims to resolve the complaints of NRIs instantly have fallen flat as a Canada-based NRI couple had to run from pillar to post for six months to get first information report (FIR) registered in a land fraud case.
Advertisement
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved