PSUs, banks, insurance employees strike today

Services in financial sector and work in public sector undertakings may be paralysed on Tuesday as employees of banks, insurance companies and psus in manufacturing sector have threatened to go on a nationwide strike protesting Supreme Court’s order barring right to strike for government servants and to press demands for wage revision.

Over 15 lakh workers and officers in the financial sector, including banks and insurance, are expected to join the strike called by major central trade unions, co-ordinator of All-India Coordination Committee of Unions in Finance Sector Shantha Raju said here.

Citu president M. K. Pandhe said employees in other psus are also expected to join the strike. Congress supported intuc and Sangh Parivar affiliated bms have decided to stay away from the strike. Of the 10 banking unions, six of them will take part in the strike over demands which include early revision of wages and one more pension option for the bankers. Of the five unions in the insurance sector, three of them will join. Workers and officers in public sector including RBI and its associates, UTI, cooperatives and rural banks will strike work, Raju said.