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Bank strike on 27 October, 2006

The United Forum of Bank Unions (UFBU) has decided to go ahead with their strike plan on 27 October, 2006 to highlight their demand for second option on pension, restoration of compassionate appointment scheme, recruitment, discontinuation of outsourcing and other related matters.

UFBU is continuously opposing government move to privatise the banking sector, unrestricted entry of foreign capital, mergers of PSU banks, and outsourcing of key banking jobs.

According to unions, outsourcing of retail banking jobs such as opening a fresh account, issuing cheque books and approving loans will make 60 to 70 per cent bankmen redundant besides it will seriously affect the confidentiality aspect of a customer.

Bank strike on 28th July 2006


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