The Hindu Business Line : Bank TUs defer strike over merger issue

NEW DELHI: Bank Unions have deferred their nation-wide strike called to protest the proposed merger of State Bank of Indore with State Bank of India following the advice of the Deputy Chief Labour Commissioner that both the management and unions should d iscuss and sort issues out.

The decision to defer the strike was reached after a meeting yesterday with the Deputy Chief Labour Commissioner, said the All India Banks' Employees Association (AIBEA) General Secretary, Mr C H Venkatachalam.

“We strongly oppose the closure of any of associate banks and their merger with SBI,” he said. After hearing both sides, he said, the Deputy Chief Commissioner felt that in such a complex issue such as merger, both the parties should sit across the tab le and hold meaningful discussions to find an acceptable solution.

Accordingly, the managements of SBI and State Bank of Indore were asked to invite the union for discussion, he added.

The Deputy Chief Labour Commissioner further advised them not to pursue the merger issue with the RBI and th government, Mr Venkatachalam said.

Other associations which were part of the meeting included NCBE, AIBOA, BEFI and INBOC. At the same time representatives of Indian Banks' Association, SBI, State Bank of Indore, and other associates were present from the management side. - PTI

TUs: Trade Unions

Prev: Vodafone crosses 7-million customer base in TN
Next: Skygazers await rare celestial treat

Business Line | NUS Index |

Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line