Bank 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.

Ceylon Bank Employees Union President M.R. Shah said the unions would continue their agitation till they got an assurance guaranteeing their job security.

Meanwhile 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.

“Sri 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.

Mr. 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, Mahendra Amarasuriya.
Mr. Amarasuriya was not available for comment.

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