Bank union to go-ahead with strike on Tuesday after talks with govt fail

Bank union is protesting against the government's decision to merge ten public sector banks into four banks

The banking operations will hit on Tuesday as about 350,000 employees in All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) will take part in the strike. The bank union decided to go-ahead with the strike after talks convened by Chief Labour Commissioner (Central), Ministry of  Labour, failed on Monday.

AIBEA and BEFI had called for the strike to protest against the government's decision to merge ten public sector banks into four banks and thus deciding to close down 6 important nationalised banks.

AIBEA General Secretary Venkatachalam said that the Chief Labour Commissioner (Central), Ministry of Labour, Government