Successful strike in the banking sector, several branches remain closed (AIBEA)

The first day of the two-day strike in the banking sector was successful with several branches across the country remaining closed, said the Indian Bank Employees Association (AIBEA), a major trade union in the sector.

The joint platform of central trade unions and various sectoral independent trade unions called for a strike on March 28 and 29, in protest against the central government’s “anti-people” economic policies and “anti-workers” labor policies. .

According to CH Venkatachalam, Secretary General of AIBEA, the strike was observed by employees of public, private and cooperative sector banks, foreign banks and regional rural banks across the country.

He said that according to initial reports, the strike was a success.

“We have observed that the employees are particularly unhappy with the government’s decision to privatize the banks. Thousands of young employees and managers have joined the public sector banks after a very difficult recruitment process and many of them have left IT and other private sector jobs and joined government-owned banks only because of the job security available in those banks,” Venkatachalam said.

Therefore, the government’s plan to privatize the banks is a brutal and very demoralizing shock, he added.

Clearing operations were also affected as branches could not send checks for clearing.

The strike will also continue tomorrow, he added.

Meanwhile, the strike at government-owned general insurance companies had no impact on the public.

While the office executives were on strike, the officers worked and accepted the premium to avoid any breakdown in insurance coverage.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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