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Former bank employees protest in Beijing

BEIJING — More than 1,000 former bank employees demanding compensation for jobs lost during a revamping of China’s biggest state-owned banks a decade ago staged a noisy protest on Monday at the capital’s main petition office.

The crowd, which organizers said included as many as 3,000 middle-aged men and women from across China, appeared to overwhelm the police. Officers largely stood by as the protesters held aloft signs saying, “I’ve been wronged.”

It is not the first time the former bank tellers, accountants and branch managers have sought to publicize their grievances, which stem from a restructuring of China’s four largest banks as they prepared to go public, forcing out about 400,000 people during the decade-long purge. Many of those fired were over 40, and some were nearing retirement.

More Follow External Link to Andrew Jacobs, The New York Times