Chennai, June 30 (IANS) The United Forum of Bank Unions (UFBU), comprising nine unions, Thursday said it will strike work Aug 5 instead of its earlier planned date of July 7.

‘Since parliament session will begin Aug 1, we have decided to strike work Aug 5,’ UFBU convenor C.H. Venkatachalam told IANS.

He said that around 10 lakh state-run, private sector and foreign bank employees will go on strike to protest disinvestment by the government in public sector banks, mergers and acquisitions and outsourcing of routine activities.

Venkatachalam said the banks have to recruit freshers to manage largescale retirements predicted in the nationalised banks.

‘Around five lakh employees will be retiring over the next five year period. Already, around 150,000 vacancies have to be filled up. We demand revival of Banking Service Recruitment Board (BSRB) for hiring freshers,’ he said.

Chennai, June 30 (IANS) The United Forum of Bank Unions (UFBU), comprising nine unions, Thursday said it will strike work Aug 5 instead of its earlier planned date of July 7.

‘Since parliament session will begin Aug 1, we have decided to strike work Aug 5,’ UFBU convenor C.H. Venkatachalam told IANS.

He said that around 10 lakh state-run, private sector and foreign bank employees will go on strike to protest disinvestment by the government in public sector banks, mergers and acquisitions and outsourcing of routine activities.

Venkatachalam said the banks have to recruit freshers to manage largescale retirements predicted in the nationalised banks.

‘Around five lakh employees will be retiring over the next five year period. Already, around 150,000 vacancies have to be filled up. We demand revival of Banking Service Recruitment Board (BSRB) for hiring freshers,’ he said.