Bank Employees To Go On Strike On September 2, 2016

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Bank employees will go on all India general strike to protest against the central government's economic polices and anti-labour reform measures, the All India Bank Employees' Association (AIBEA) said.

Bank employees working in various public sector banks, private banks, foreign banks, regional rural banks and co-operative banks will join the strike.

Bank Employees To Go On Strike On September 2, 2016

"In the name of 'cleaning Balance Sheets', all these huge bad loans are sought to be taken out of public glare to silently write them off. On an average about Rs 50,000 crore of bad loans are being written off per year," C.H.Venkatachalam, General Secretary, AIBEA said in the statement. 

"The Centre is amending laws giving unfettered rights to corporate to hire and fire workers and stripping the workers of their trade union rights," he added.

Banks are being forced to divert their SLR investments from Apex Banks thus reducing their capacity to refinance lower tiers of co-op. banks.

Central Trade Unions organised a National Trade Union Convention of all trade unions, including unions in Banks, Insurance, public sector, defence sector Central and State Government departments, etc. The Convention has given the call for National General Strike on 2nd September, 2016.

Read more about: strike, banking
Story first published: Thursday, August 18, 2016, 15:13 [IST]
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