India’s public sector bank employees defers strike

The employees’ union wants to coincide strike with the opening of Parliament session in August to protest on

Public sector bank employees have postponed their nationwide strike to August 5. Bank employees had earlier said they would go on a strike on July 7 to protest against banking reforms, outsourcing and other issues.

The employees’ union has said if their demands are not met, they would consider other courses of actions, including an indefinite strike.

C H Venkatachalam, convener, United Forum of Bank Unions (UFBU) said its members met in Chennai on Friday. Since the next Parliament session would start on August 1, it was decided to go on a strike in the same month.

Around one million employees representing various public sector banks have decided to go on a strike on issues that include reforms, outsourcing, the compassionate appointment scheme, defined working hours for officers and bringing the pension scheme on par with the government scheme.

View the full story in Business Standard.

Also Read

Taiwan’s Hua Nan’s asset quality to remain sound through 2025

Robust employment, stable housing market anchors CUB’s profits

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit