employees seek assurance on jobs
The Ceylon Bank Employees Union and other banking sector unions
yesterday held a protest demonstration against moves to consolidate
or merge the Commercial Bank with another private bank.
Bank Employees Union President M.R. Shah said the unions would continue
their agitation till they got an assurance guaranteeing their job
Sri Lanka Insurance Corporation, whose Chairman Harry Jaywardena
is a stake holder in the Commercial Bank, in a press release issued
on Friday said that some interested parties in the Commercial Bank
were misleading employees of the Commercial Bank stating that there
was an attempt to consolidate or merge the Commercial Bank and that
jobs of employees were in danger.
Lanka Insurance Categorically states that there are no intentions
on our part to support a merger or consolidation of the Commercial
Bank. We also see no threat to the security of jobs of Commercial
Bank employees. Furthermore, to the best of our knowledge, no shareholder
of the Commercial Bank has violated the Banking Act or any other
law of the land,” the statement said.
Jayawardena who effectively controls the Hatton National Bank, the
DFCC Bank, the Sri Lanka Insurance Corporation and related companies
and through them the Commercial Bank, has called for an Extraordinary
General Meeting on November 2 to remove the Commercial Bank Chairman,
Mr. Amarasuriya was not available for comment.