Bank Strike Alert: The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on Sept. 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. Sept. 11 is a Friday, and the subsequent two days are scheduled holidays.
Sept. 14 is a holiday in some states for Ganesh Chaturthi. UFBU, an umbrella body of nine bank employees' and officers' unions, has also threatened a three-day subsequent nationwide strike beginning Sept. 28, coinciding with the half-yearly closure. They have also decided to go on an indefinite strike from Oct. 26 onwards if their demands are not met and remain unheard by the government and bank management.
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