India-Forums

   

A million bank employees go on strike (LEAD)

New Delhi, Oct 27 (IANS) Banking operations across India were hit Friday with over a million bank employees representing public, private and foreign banks going on a daylong strike against government reform measures.

Friday, October 27, 2006 | 3:10:20 PM IST (+05:30 GMT)
 0 Comments | By

New Delhi, Oct 27 (IANS) Banking operations across India were hit Friday with over a million bank employees representing public, private and foreign banks going on a daylong strike against government reform measures.

The United Forum of Bank Unions (UFBU), an umbrella organisation of nine different trade unions of bank officers and employees, had called the strike to protest government plans to merge state-owned banks into a consolidated entity, outsource many of the non-core activities to private parties and an embargo on permanent appointments in non-essential banking areas.

Union sources told IANS that with no compromise having been worked out during last minute talks with the chief labour commissioner in the capital, the UFBU decided to go ahead with the strike plans, hitting all money transaction activities.

'Except the non-unionised staff (contract employees), over one million members, including officers, have gone on a strike,' C.H. Venkatachalam, general secretary of the All India Bank Employees Association, told IANS.

'While foreign banks are operating, their unionised members are supporting us.'

Among issues cited for the strike is the government decision not to provide employment on compassionate grounds but to recruit only on the basis of merit.

The government, according to the striking bank employees, has not been receptive to the demand to allow them to switch over from the provident fund scheme to a contributory pension scheme.

The UFBU is also seeking fresh recruitments to over 100,000 posts that have over the years been filled on contract basis.

The unions are also opposed to any plans for giving full voting rights to foreign banks picking up stake in Indian banks.

'This is a warning protest strike. We will be meeting again on Nov 9 for chalking out further plans,' said Venkatachalam.

Copyright : Indo-Asian News Service
User Rating Rating(0 Votes)

Share On :

Share on Facebook Share on Twitter Share on Google+ Share on WhatsApp

To stay updated with similiar articles follow


User Comments & Ratings

Join India Forums for free to comment on this story. Have an account already? Use Quick Login to comment.
Dear Readers,
  • Please do not use derogatory comments in reply to the stories published on Telly Buzz, India-Forums.
  • The credibility of the site matter to us, and the comments in bad taste tend to invariably hurt the actors/production house/channel etc.
  • So kindly, refrain from creating an unhealthy atmosphere for all, and keep your comments constructive.
  • Also, please use the Rate It button if you want to just thank the author for posting the story.

Articles in National, Business

Art - Culture Business Diaspora
Education Health Politics
Religion Sports Sci-Tech
Travel

AROUND THE WORLD NOW

Asia America Australia
Africa Europe Gulf-Middle East
Pakistan Nepal Bhutan
Sri Lanka Bangladesh Maldives

Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.

Popular Channels :
Star Plus | Zee TV | Sony TV | Colors TV | SAB TV | Life OK

Quick Links :
Top 100 TV Celebrities | Top 100 Bollywood Celebs | About Us | Contact Us | Advertise | Forum Index