All India Bank Union to go on Strike on 28 February 2017

The United Forum of Bank Unions (UFBU) has confirmed that they have asked their members to go on strike owing to the concerns raised went unaddressed by the government. This strike will take place on 28 February 2017.

The UFBU Convener and Senior Vice-President of the All India Bank Officers’ Confederation (AIBOC), Mr. Thomas Franco formally accused government for not listening to Bank Unions’ requests despite the union stood by the government on managing chaos of demonetisation, opening of JanDhan Accounts and implementing other policies but Indian Government has not returned the perks as promised to them. He said, “the government’s indifference had forced the employees and officers of various banks to take this extreme step.”

Demands by The Bank Union:

  • Proper compensation must be given to the bank employees and reimbursement of related cost to the banks as both the banks and its employees suffer a loss due to demonetisation drive.
  • Improvements and total exemption of income tax on superannuation benefits.
  • Execution of compassionate appointment scheme.
  • Starting the process of next wage revision.
  • Decent hiring on all cadres.
  • Working days should be restricted to five.
  • Strong steps should be taken to recover bad loans and lawful criminal actions must be taken against wilful defaulters.

The Bank Union is strongly opposing the anti-banking and labour reforms being made by the government. Moreover, the Modi led government is also infringing the rights of trade union.

Due to the inclusion of privatisation, the union is also feeling insecure to the outsourcing of permanent jobs. Hence they also demand to stop privatisation in public sector banks.

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