Nationwide two-day strike for bank employees

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Express news service

Posted online: Monday , February 25, 2008 at 01:57:47
Updated: Monday , February 25, 2008 at 02:17:22

Kolkata, February 24 Employees of public and private sector banks will go on a two-day nationwide strike from tomorrow, after a conciliatory meeting on Friday failed to resolve differences between unions and the Indian Banks Association (IBA).

The United Forum of Bank Unions (UFBU), a conglomeration of nine banking unions across the country, has called the strike.

With the current financial year drawing to a close, it will be the traders who will be worse-affected.

The public, too, will be at the receiving end. A section of traders felt the strike was held on a short notice, while others felt that if this continues, costumers would lose faith in banks.

“It’s the public and the traders who will be held at ransom for no fault of theirs. At a time when the financial year is drawing to a close, the strike can be a real ordeal for the traders,” said Mahesh Singhania, chairman of the Federation of West Bengal Trade Association.

Taraknath Trivedi, general secretary of the Federation of Traders Organisation, West Bengal, said there has been no clear indication whether ATMs would be operational. The traders’ organisation said the 48-hour blackout means no transactions in an era where banks are promising 24-hour services to customers.

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