Tuesday, Aug 13, 2002
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By Our Special Correspondent
The delegation, led by the AITUC president, J. Chittarajan, MP, and AIBEA general secretary, Trakeshwar Chakravorty, told Mr. Singh that the management of the Bank of Tokyo-Mitsubishi had closed down the branch without seeking the permission of the Reserve Bank of India.
In a memorandum, the delegation, which included the CPI MP, V. V. Raghavan, alleged that the closure was against the industry-level collective settlement and the provisions of the Industrial Disputes Act. While transferring the accounts of its customers to Hongkong Shanghai Bank Corporation, the bank management has terminated the services of all its 67 employees.
The memorandum said that the bank management had not complied with the directions of the Regional Labour Commissioner to maintain status quo as on August 6, 2002.
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