Financial Sector Labor Unions to Go on Strike Friday

Write : 2016-09-22 18:08:51 Update : 2016-09-22 20:01:02

Financial Sector Labor Unions to Go on Strike Friday

The banking sector is in emergency mode as financial sector labor unions have announced they will stage a general strike on Friday in protest of the planned introduction of a performance-based wage system.

The walkout is inevitably expected to disrupt operations at 34 commercial banks nationwide.

The unions gave prior notice of their scheduled one-day walkout. At least 30 percent or as much as 90 percent of the 100-thousand unionized workers in the financial sector are expected to take part. But Internet, mobile and phone banking services will continue as normal.

The Financial Supervisory Service plans to send extra personnel to the main branches of 17 banks on Friday to secure sufficient server capacity to prevent a paralysis in Internet banking operations.

However, customers visiting bank branches could experience difficulty even though senior level employees and others will take the place of striking workers. 

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