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Jan 02, 2020 | Blogs | Banking

Trade unions with public sector banks announce for All-India strike on 8th January

Trade unions with public sector banks announce for All-India strike on 8th January

With protests going all around the country over the recently passed CAA, there is another big stroke coming along way for the test of the government. Joining the trade unions, the public sector banks have asserted that they will also join the national strike on January 8th 2020, as reported to Business Standard.

The five unions calling for this strike are All India Bank Employees Association, All India Bank Officers Association, Bank Employees Federation of India, Indian National Bank Employees and National Bank Officers Congress.

The reason for the nationwide strike stays around the demands of more job opportunities for youth, every individual’s guaranteed right to job, job security, control in price rise, end of third-party intervention in permanent jobs to contractual jobs, no negative amendments in labour laws and no suppression and curtailment of trade union rights. The participating trade unions are also demanding a minimum wage of Rs. 21,000 without weakening or failing of social security schemes.

Both organised and unorganised sector workers are expected to participate in the upcoming strike. Particularly in the banking sector, strike call has been given to the employees of Reserve Bank of India, Co-operative banks, RRBs, General Insurance Sector and LIC. In addition to them, labour and workforce from other sectors like defence production, steel, oil, railways, ports, academics, transport etc. have also decided to join the national strike. It seems that this time, it is going to be huge.

If we look majorly at the banking sector, the government’s policy is largely privatisation and unwarranted merger of banks. It is happening despite the protests happening vehemently across the nation. The big issue of corporate bad loan recovery is being highly ignored. The government is giving unnecessary concessions to them and service charges for the common man are increased.

The unions want strengthening of public sector banks, no more privatisation, no more bank branch closure, opening of bank branches in rural, remote and unbanked areas of the country. The unions have alleged that the government has closed and merged 6950 branches after the merger of associate banks with SBI.

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