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Bank, LIC,GIC unions to protest against govt policies tomorrow

Press Trust of India  |  Mumbai 

Employee unions of banks and state-run companies will stage a sit-in at Azad Maiden in the city tomorrow to protest against privatisation of banks, allowing (FDI) in the sector and to expedite wage revision.

The protest is called by the Co-ordination Committee of Bank, and Financial Sector Unions (CCBIFU), a joint platform of unions - Employee Association (AIBEA), Banks Officers Association (AIBOA) and All LIC Employees Federation (AILICEF), a release from CCBIFU said today.

Employee unions from General Insurance Corporation of India (GIC Re), and are also participating, it added.

The unions are protesting against the Financial Resolution and Deposit (FRDI) Bill, privatisation of banks, disinvestment in (GIC Re), outsourcing of jobs in banks and other state-run and in the

"Since the present political dispensation at the centre is implementing anti people and anti labour policies, unions operating in the financial sectors have come together to raise the fight against these policies," CCBIFU said.

The unions are also demanding expedition of wage revision process and adequate recruitments at banks and companies.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 16:55 IST