Government backs down over bank strike threats!

Proposed token strike to be launched today (22nd) in state banks by the Ceylon Bank Employees’ Union (CBU) on has been called off due to the Ministry of Finance taking action to resolve the demands, said the statement issued by the union. The demands of the union were to get more beneficial pension scheme, confirm the bank employees who are undergoing training in Bank of Ceylon within two years and to remove the administrative irregularities of MBSL Bank..

According to the announcement of the CBEU, the Ministry of Finance has approved the revision of bank pensions and instructions will be issued to the state banks in this regard. The bank managements has informed the union in writing that they will discuss with the union and resolve the issues on those instructions.

Bank of Ceylon has agreed to increase the salaries of trainee employees. Their demand for confirmation in two years will continue.

Arrangements will be made to appoint new Chief Executive Officer to the MBSL Bank in order to remove administrative irregularities of the bank. It is on this basis that the proposed token strike has been suspended.

Wijepala Weerakoon