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    Home»News»Business»Here’s why banks will be on a 6-day strike, services might be terminated
    Business

    Here’s why banks will be on a 6-day strike, services might be terminated

    SnehaBy SnehaNovember 16, 20232 Mins Read
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    Image Source: CNBC-TV18
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    A statewide strike by the All India Bank Employee Association (AIBEA) has been announced. The strikes will begin on December 4 and go sporadically through January 11. Government and private banks alike are expected to be impacted by the nationwide bank strikes.

    The notice, released by the group, describes a December six-day strike that will impact several banks on particular dates:

    December 5: Bank of Baroda and Bank of India.

    December 6: Canara Bank and Central Bank of India.

    December 7: Indian Bank and UCO Bank.

    December 8: Union Bank of India and Bank of Maharashtra.

    December 11: Private banks will also join the strike.

    The requests made by the workers include stopping the outsourcing of permanent positions in the banking industry and guaranteeing sufficient hiring of “award staff” across all institutions.

    In addition to the decrease in hiring at the lower echelons of the organization, AIBEA General Secretary C.H. Venkatachalam had previously noted that certain banks’ outsourcing of work is endangering the privacy of their clients and their money.

    Additionally, certain banks are breaking the Industrial Disputes (Amendment) Act. He claimed that even in cases where the labor authorities have stepped in, management has disregarded their recommendations, broken the Industrial Disputes Act, and forced the staff to relocate.

    It is anticipated that the strike will cause national disruptions to financial services. Because personnel at several branches will be absent during this period, customers may encounter difficulties accessing various banking services.

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    Sneha
    Sneha

    Inhouse writer at pagalparrot.com. I love writing about various topics that interests the new age readers.

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