Fri, 26 Feb 1999

Strike at Bank Dana Asia

JAKARTA (JP): Though the central bank has yet to announce which banks are to be closed on Saturday, the employees of Bank Dana Asia here staged a sitdown on Thursday demanding fair severance payments from their management.

"We are holding this peaceful sit-in to demand that Bank Dana Asia's management and shareholders give us fair compensation," Mrs. Ani, one of the 300 workers taking part in the strike, told Antara.

Another employee said Dana Asia had been put into the C category of banks with negative capital of more than 25 percent which would be closed on Saturday.

Mrs. Ani added that two employees representing their colleagues in the Jakarta and Medan offices were received on Thursday by the bank's management for negotiations about their severance money.