April 8, 2006

Press Statement

The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:

On State Bank of India Employees Strike

The employees and officers of the State Bank of India have been on an indefinite strike from April 3, 2006. They are demanding an upward revision of pension. There has been no revision of pensions for the past twelve years in the State Bank of India and for a variety of reasons employees are getting only a depressed pension amount on retirement.

It is incumbent upon the Government of India to immediately intervene and see that there is a settlement on the legitimate demands of the employees. Continuance of the strike will further aggravate the problems faced by the customers and business.