Bank Strike: 10 million employees of 30 banks today will be closed on strike

Bank Strike

The year 2018 will end with the biggest bank strike in India. 10 lakh employees of 21 government and 9 old private banks across the country have been stopped working for 5 days. Bank Employees are on strike from today, Wednesday across the Country. Employees are on two-day strike from today. The strike is being organized on the appeal of the United Forum of Bank Unions. It includes 4 employees and 5 unions of officers.

Just recently, two major bank employee Unions declared that 10 lakh bank employees will go on bank strike on 26th December 2018. All another major bank closed their working on 26th Dec 2018.

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Bank has closed their working from 21st Dec, on Friday. Bank was on strike on Friday. Today on December 26, there is another bank strike. December 22 was a holiday for being second Saturday, December 23rd, was Sunday.  On Christmas 25th December, the bank was again on holiday. Hence, the bank was closed on 21, 22, 23, 25 and 26 except 24 December.

All bank employees decided to strike for protest against the merger of government banks and for increased wages.

There are two reasons for the strike:

The Government has taken the decision of the merger of Bank of Baroda, Dena Bank and Vijaya Bank. The employees union is opposing it due to which bank employees are on bank strike on 26th December.

The Indian Banks Association has proposed to increase salary of 8%. Bank employees’ associations do not approve it Salary increments are due from November 2017.

The National Organization of Bank Workers says that there is also a public share of banks. Therefore, the government cannot take any decision on its own. Our demand is that after all talks of all the parties should be decided. The argument that the Indian Bank Association is giving to the wage hike is not approved.

Why are employees being deprived of proper wage growth?

Employees’ associations say that banks are continuously earning operative profits. Due to government policies, most of the profitable profits go into provisioning of NPAs. Because of this, the banks fall into the deficit. Bank employees are not responsible for this.

This is the second strike in less than a week of the employees’ union. All India Bank Officers Confederation (AIBOC) employees are on bank strike on Friday having a public holiday on Saturday, Sunday. The bank is open on Monday, but on Tuesday there is a Christmas holiday. Thus, in the last 5 days, only 1 day in the banks was done.

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