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Indian bank employees go on two-day strike
24/9/2008 17:25

Employees of Indian public sector banks today went on a two-day nationwide strike to protest merger and consolidation in the sector and delay in settlement of issues like wage revision, reported the Press Trust of India.
"Talks with the Chief Labor Commissioner have failed and we proceeded with the strike," said United Forum of Bank Unions (UFBU) Convener V K Gupta.
The forum has given the two-day strike call to protest delay in settlement of issues like wage revision and second pension option, he said.
Employees are also protesting the government's policy of privatization and consolidation, he added.
However, major private sector banks remain opened.
There are 26 public sector banks with around 60,000 branches across India.
Last month, the merger of the State Bank of Saurashtra with its parent State Bank of India caused a strike by the officers of the State Bank of India and its associate banks. Two days later, a section of bank employees of nationalized banks also went on a stir to protest the same issue.


Xinhua