The Hindu Business Line : Banking services public utility for six more months

THE services in the banking industry have been declared as a public utility under the Industrial Disputes Act, 1947, for another six months with effect from March 30, 2005 in the larger public interest, according to an official release.

The Ministry of Labour, in a notification issued here, said the services in this industry were earlier declared public utility for six months from March 30, 2004 and subsequently extended for another six months.

Consequently, all bank employees would be required to give a six-weeks' advance notice of a strike so that conciliatory proceedings can be started.

During the conciliatory proceedings and seven days after their completion, the employees cannot go on strike, the release said.

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