Bank unions to go on strike

August 17, 2008	(Be the first to rate this story!)  Loading ...
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Bank Officers and Employee Unions have threatened a strike on 18th and 20th of August respectively to protest the merger of State Bank of Saurashtra with its parent bank SBI. “As many as 80,000 officers of SBI and its associate banks will strike work in 15,000 branches tomorrow to protest the merger of SBI and State Bank of Saurashtra”, All-India State Bank Officers Federation President T N Goel stated. He said that 60 per cent of the staff in SBI and associate banks is in the officer’s rank. The work in these banks will be paralyzed tomorrow as bank branches will not be opened with officers going on strike.

In a filing on the Bombay Stock Exchange last week, SBI had said the Finance Ministry has approved the merger of State Bank of Saurashtra with itself and that the merger would be effective from the “date as may be notified by the Government of India in the official Gazette”.

Another strike on August 20 is called by the All-India Bank Employees’ Association. An officers association in the banking industry and an employee association of the Reserve Bank are expected to join the Association. However, SBI workers would not join that strike and would offer fraternal support to the stir, Goel said. Indian Bank, Central Bank of India and Corporation Bank had last week informed the BSE that some of their employees may join the strike if it materialises.

News Published Under:   Real Estate India |

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