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IDBI Bank staff to go for 4 day strike

IDBI Bank unions have issued a four-day strike call to protest against the government’s plan to reduce its stake in the bank. The strike dates such that including the intervening holidays on either side of the strike days, the bank operations will remain closed for 8 days from 25 March to 1 April. The unions said they want written assurance that the shareholding of the central government in IDBI Bank will remain at not less than 51% at all times. They also demanded that the wage settlement pending since November 2012 be implemented immediately. The names of the unions participating in the strike have been given as All India IDBI Officers Association and IDBI Employees Association, Eastern Zone.

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