Bank unions threaten nationwide strike from Sep 24

September 17th, 2008 - 7:38 pm ICT by IANS  

Lucknow, Sep 17 (IANS) The United Forum of Bank Unions, the umbrella organisation of all bank unions, has threatened to go on a two-day nationwide strike beginning Sep 24 protesting against the privatisation of banks.”We may observe work boycott to oppose banking reforms such as privatisation of banks, merger of public sector banks and allowing more foreign direct investments in banks,” said the forum’s state convener Y.K. Arora here Wednesday.

The government’s move is neither in the favour of the bank employees nor customers, he added.

The forum is unhappy with managements of various banks for not addressing the issue of wage revision, Arora said.

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