Indian Bank employees to strike across nation on November 26

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All India Banks Employees’ Association, All Indian Bank Officer Association, and Bank Employees Federation of India will strike for a day to protest against the government’s anti-labor’ policies and privatization bids.

Apart from Bharatiya Mazdoor Sangh, ten central trade unions will participate in the strike, which will be held on November 26.

The AIBEA stated that the labor laws which have been passed by the parliament under the façade of ‘Ease of Business’ is corroborating the interest of corporates. The association blames that 75 percent of the workers have been isolated from legal protection under new labor laws.

The AIBEA represents four lakhs employees from public and old private sectors banks however, employees of State Bank of India and Indian Overseas Bank are excluded. Banks like the Punjab and Sindh Bank walked an extra mile to ensure that banking services don’t get halted due to strikes.

The unions demand to oppose the privatization of banks, outsourcing, and contract system. Additionally, adequate recruitment, stern action on big corporate defaulters, increase in the rate of interest on bank deposit, and lastly, service charge reduction.

An official release said, “The present government is pushing its agenda of privatization in the name of ‘Atmanirbhar Bharat’ and resorting to large-scale privatization in core sectors of the economy that includes banking.”

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