The Public sector banks have announced a day strike on Tuesday (22/8/17) since all the unions which are under UFBU has opposed the Government’s proposed consolidation of various smaller banks which may affect the interest of the employees as a whole. The UFBU Has also put forth few more demands which has not been agreed by the Govt till date. Even if some of the branches are open which are unlikely, it will be manned by very minimal staffs who would be carrying out the basic functions.
This is expected to bring a major disruption since almost 75 of the banking operations are being controlled by these 21 public sector banks and the UFBU which is also known as The United Forum of Bank Union has 9 unions functioning under its umbrella which includes All India Bank Officers’ Confederation, All India Bank Employees Association and National Organisation of Bank Workers.
“As the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike. There was no assurance from the government and the management of banks,” AIBOC General Secretary D T Franco said.
Those who are operating with private banks like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank can have a sigh of relief since they all are expected to be functioning in the usual way except delay in cheque clearances.