Financial Daily from THE HINDU group of publications Thursday, Aug 26, 2004 |
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Money & Banking
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Trade & Labour Unions Bank unions plan 2-day stir IBA rules out 20-pc wage hike ur Bureau
Mr V. Leeladhar
Chennai, Mumbai, Aug. 25 ANOTHER bank strike is on the cards. Bank unions have planned a two-day strike on October 5 and 6 to press their demands for wage revision. They went on a one-day strike on Tuesday. The United Forum of Bank Unions (UFBU), which met in Mumbai today, has decided to meet the Indian Banks Association (IBA) Chairman on August 31 to urge him to settle the issue. Mr C.H. Venkatachalam, Convenor, UFBU, said that the two-day strike and other agitation programmes would be decided upon if no satisfactory conclusion emerged at this meeting. The UFBU has declared agitations, mass rallies and centralised demonstrations to be held on September 8, a dharna before the banking division of the Ministry of Finance on September 15, and demonstrations at the branch and office levels of banks on September 22, a day where employees will wear badges in protest on September 27. All this will finally culminate into nationwide bank strikes on October 5 and 6.
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