RETAIL BANKING | Tony Chua, India

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.

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