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Employees of public sector banks on strike
Mumbai,
Jan
25:
Employees
of
nationalised
banks
are
observing
a
one-day
strike
today
in
protest
against
the
proposed
merger
between
State
Bank
of
India
(SBI)
and
its
associate
banks
and
entry
of
large
number
of
foreign
banks.
They are also demanding pension. The strike has been called by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions in public, private and foreign banks. "The management was firm in its stand on several issues, including the merger of SBI's associates," said All India State Bank Officer's Federation, General Secretary, G D Nadaf.
The employees are also demanding the lifting of the freeze on new recruitment in the banking sector.
The strike is expected to affect at least 50,000 bank branches in the country, including public and private banks.
Nearly 12 lakh employees are expected to strike work.
ANI
