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The services in Banking Industry have been declared public utility under the Industrial Disputes Act, 1947 for another six months with effect from March 30, 2005. The Labour Ministry in a notification issued here said that this has been done by the Central Government in public interest. The services in this industry were earlier declared public utility for six months from 30th March 2004 and subsequently extended for another six months.
The employees in this industry, as a result, would among other things be required to give notice to their employer six weeks in advance of proceeding on strike so that conciliatory proceedings could be started. During the conciliatory proceedings and seven days after their completion, the employees cannot go on strike.
MLD/LK/ L-174 (public utility Banking)April 4.
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