Public Sector Banks Urged Union to Call-Off Nationwide Strike Over Privatisation

United Forum of Bank Unions (UFBU) has called a strike on 16th and 17th December, 2021 against the proposed public sector bank privatisation, which the government had announced in the Budget 2021-22 to take up the privatisation of two public sector banks (PSBs).

In this regard, public sector banks (PSBs) including State Bank of India (SBI) has urged unions to reconsider their decision to go on a two-day nationwide strike, inviting them for discussions.

In a tweet SBI has urged its staff members to reconsider their decision and refrain from participating in strike. “Furthermore, considering the ongoing pandemic situation, resorting to a strike will cause great inconvenience to the stakeholders,” the tweet said.

Canara Bank in a tweet said the bank has called a meeting with the relevant stakeholders on 14th December to discuss various issues. Indian Bank, UCO Bank, Central Bank of India, PNB have also urged UFBU to call off the strike.

Further, management of banks and the Indian Banks’ Association are reaching out to UFBU for addressing their demands and concerns and arriving at an amicable solution, Bank of India said in a tweet assuring employees.

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