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The United Forum of Bank Unions (UFBU), comprising nine banking sector unions, today announced its decision to go ahead with its plan of a nationwide strike on August 5, as the conciliation talks held between the unions and Indian Banks' Association (IBA) on Monday did not yield desired results.
“We had a conciliation meeting in the office of the Chief Labour Commissioner on Monday. However, it did not yield any result. There will be another round of meeting on Wednesday,” said Mr Shyamal Karmakar, General-Secretary, State Bank of India Staff Association (Bengal Circle). Representatives of the UFBU as well as the IBA were present at the meeting, he said.
Close to 10 lakh state-run, private sector and foreign bank employees will go on strike to protest privatisation of nationalised banks, disinvestment by the government in public sector banks, mergers and acquisitions and outsourcing of routine activities among others.
Shutters would be down on ATMs – both onsite and offsite – as well, thereby bringing normal banking activities across the country to a complete halt.
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