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2008-05-28

SBI employees call for nationwide strike on June 6

State Bank officers on Tuesday said they would hold a day-long nationwide strike on June 6, protesting against SBI management’s policies on different issues.


Their demands include a review of the existing State Bank pension scheme, recruitment of adequate staff, termination of the contract system and regulated working hours for officers.


"The strike would be observed nationwide. The Government and the Indian Banks Association (IBA), despite having signed an agreement on various issues, have not taken any significant steps to resolve our issues," All India State Bank Officers’ Federation’s General Secretary, G D Nadaf, told reporters in Mumbai.


Nadaf said SBI management, with its decision to go ahead with the merger proposal of State Bank of Saurashtra, was not taking into account the feelings of employees on the matter.


"Such a merger between State Bank and its associates will lead to a plethora of issues, including termination of jobs in different categories. Any such move (of merger) will definitely be met by nationwide protests from the unions," Nadaf said.


Bank unions had struck work early in 2008 to voice their protests on various critical issues including the merger of state-owned banks and one more option for employees to join in the pension scheme.


Later, bank unions and the Indian Banks’ Association had signed an agreement following intervention by the Union Finance Minister, leading to deferral of the two-day nationwide strike called for, just prior to the Budget in February end.


Nadaf charged the IBA with not taking any steps so far to resolve the outstanding issues.

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Disclaimer

Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.