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One day strike on December 26 for 9 union banks

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Posted on : 24/Dec/2018 12:23:16



 
 
 
The recent press release confirmed the one day strike on December 26 to protest against the amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. The strike includes private lenders also consisting of approximately one million employees altogether going for a protest.

The announced strike was considered to be the result of last Friday one day long strike by officers unions of state-run banks on account of immediate settlement of wage negotiations. Following the strike the union announced the bank amalgamation protest strike for merging Vijaya Bank and Dena Bank. With this prompt corrective action (PCA) framework of Reserve Bank of India the Bank of Baroda will be the third largest lender.

The United Forum of Bank Unions (UFBU) informs that the amalgamation is just destructive to both lender and customers. It is not in the interest for customers well-being associated with financial transactions said the officials of the union.

UFBU organization includes nine unions of banking sectors of India such as All India Bank Employees Association, All-India Bank Officers Confederation and National Organization of Bank Workers. Along with some of the private lenders all the 9 unions of UFBU goes on with the strike on coming Wednesday.

A rally would be conducted along with a demonstration of the issue on December 26 at Azad Maidan in South Mumbai. Last week 3.30 lakh officers from several state-run banks were on a one day strike owing to immediate wage revision that also includes the opposition of merger of banks. The follow-up strike will be a direct call for the unions opposition of the bank amalgamation.