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| Public sector banks on strike |
| The strike follows the failure of tripartite talks between Chief Labour Commissioner, SBI management and the unions on the merger issue.
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| INDIA
, 25-January-2008
2:30:32 AM |
| Employees of nationalised banks are observing a one-day token strike on Friday protesting the proposed merger between State Bank of India and its associate banks.
The strike follows the failure of tripartite talks between Chief Labour Commissioner, SBI management and the unions on the merger issue.
''The management was firm in its stand on several issues, including the merger of SBI's associates. We have decided to strike work on Friday,'' said All India State Bank Officer's Federation General Secretary GD Nadaf.
The unions claimed that the strike would affect at least 50,000 bank branches in the country, including public and private banks, with nearly 12 lakh employees expected to strike work.
The unions had met SBI Chairman OP Bhatt on Monday to resolve the issues. But the meeting remained inconclusive.
Apart from the merger, unions had raised a slew of issues related to pension scheme, compassionate appointment, outsourcing of employees, recruitment of staff and early salary revision, Nadaf said.
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
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