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Indian state bank employees to go on strike for wage hike
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21:40, August 03, 2009

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Employees of India's state-run banks have decided to go ahead with their proposed strike Thursday and Friday following failure of talks with the government over hike in wages and other demands, reported the private Indo-Asian News Service on Monday.

The strike will be organized by All India Bank Officers' Association (AIBOA) and a strike notice has been served by the United Forum of Bank Unions (UFBU), an umbrella organization representing nine unions of officers and other staff in the banking industry.

The government had asked the unions, which claim membership of over a million staff, to hold talks with the Indian Bank Association (IBA), which is a representative body of bank managements, as well as the chief labor commissioner.

The main demands are wage increase, a better social security net and a proper policy for giving jobs to the family members of deceased or disabled employees "on compassionate grounds," according to the report.

Source: Xinhua

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