Financial Daily from THE HINDU group of publications Wednesday, Aug 25, 2004 |
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Money & Banking
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Trade & Labour Unions Bank strike `total' in AP Our Bureau
Hyderabad , Aug. 24 THE Andhra Pradesh chapter of the United Forum of Bank Unions (UFBU) has claimed that the one-day strike call given by it in the State was a total success. Employees working in public sector and private banks, grameen banks, regional rural banks, and co-operative and foreign banks went on a day's strike on Tuesday as per the call by the Forum demanding immediate settlement of wage revision. In a release on Tuesday, the UFBU Convenor for AP, Mr B.S. Rambabu, said that over 50,000 employees and officers working in various banks in the State participated in the strike. The clearing and forex operations were totally affected, he added. According to UFBU, the employees and officers took out morchas and conducted centralised demonstrations in all the district headquarters in protest against the indifferent attitude of the Indian Banks' Association (IBA) towards the demands of the employees. The forum has warned that if the IBA does not settle the wage revision, a two-day strike would be planned during September and the employees may resort to indefinite strike if the situation warrants. In a separate release, the AP State Unit General Secretary of the National Confederation of Bank Employees, Mr P. Nandakishore, said that the strike should be an eye-opener to IBA. "If there is no change in the IBA's attitude, the entire workforce in the Indian banking industry would intensify the agitation programmes and may resort to indefinite strike."
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