Federal Bank officers to go on strike

The Federal Bank Officers' Association has directed its members to go in for an all India strike on May 7-8. Around 4,000 officers will strike work on these two days. Mr Anthony Johnson, president, and Mr P.V. Mathew, general secretary of the association, said cited the immediate transfer of branch managers who boycotted a bank programme held last Sunday and on May Day, following a call made by the FBOA, as the immediate trigger for the strike.

The FBOA has demanded that the punishment transfers be revoked officers transferred to branches in north India as part of recent disciplinary action, be re-instated.

The association asked the management to stop outsourcing of bank work and ensure justice to officers and staff in the matter of Employees Stock Options (ESOP).

sajeevkumar@thehindu.co.in