Business Standard

Banking sector strike successful as 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 All India Bank Employees' Association (AIBEA)

Bhubaneswar: Left Front workers block railway tracks during a nationwide strike called by central trade unions to protest against Centres policies, in Bhubaneswar, Monday, March 28, 2022. (PTI Photo)

Guwahati: A view of deserted roads during a nationwide strike called by a joint forum of central trade unions to protest against the Centre’s policies, in Guwahati, Monday, March 28, 2022. (PTI Photo)

IANS Chennai
The first day of the two-day strike in the banking sector was successful with several branches across the country remaining closed, said All India Bank Employees' Association (AIBEA), a major union in the sector.
The Joint Platform of Central Trade Unions and various sectoral Independent Trade Unions have given a strike call for March 28 and 29, protesting against the "anti-people" economic policies and "anti-worker" labour policies of the Central Government.
According to C.H. Venkatachalam, General Secretary, AIBEA, the strike was observed by bank employees in public, private and cooperative sectors, foreign banks and regional rural banks across the country.
He said as per initial reports, the strike has been a success.
"We could observe that employees are particularly unhappy with the decision of the government to privatise the banks. Lakhs of young employees and officers have joined the public sector banks after a very tough recruitment process and many of them have left IT and other private sector jobs and joined the Government owned banks only due to the job security available in these banks," Venkatachalam said.
Hence the Government's plan to privatise the banks is a rude shock and highly demoralising, he added.
Clearing operations were also affected because branches could not send the cheques for clearance.
The strike will continue tomorrow also, he added.
Meanwhile, the strike in the government-owned general insurance companies did not impact the public.
While the clerical cadres were on strike, the officers worked and accepted the premium to avoid any break in insurance cover.
--IANS
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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 28 2022 | 12:32 PM IST

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