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September 07, 2005

Taiwan Business Bank Prepares for Strike

Taiwan Business Bank is bracing for a strike set to begin tomorrow, with estimates that some 4000 of its workers will walk off the job to protest plans to privatize the bank, which they feel (almost certainly correctly) will lead to staff cuts. Union leaders are demanding a 3-year guarantee of jobs, while the government is reportedly ready to offer only a 2-year guarantee.

The degree of overstaffing at TBB can be roughly estimated from the fact that some 600 seconded workers from other state banks are expected to keep operations running fairly normally while their 4000 proletariat brethren man the picket lines.

Posted by The Banker at September 7, 2005 08:24 PM

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