Bank employees on countrywide strike on November 26

On November 26, the All India Bank Employees’ Association (AIBEA) would be taking part in the one-day nationwide strike. Central trade unions have called for the strike to protest against the government’s anti-labour policies. Except Bharatiya Mazdoor Sangh, the one-day nationwide will be observed by ten central trade unions. As per AIBEA release, in its recently held session, Lok Sabha has passed three new labour laws by doing away with prevailing 27 laws in the name of ‘Ease of Business’. According to AIBEA, they are totally in the interest of corporates. The release further adds that in this process, 75 per cent of workers are being thrown out of the ambits of labour laws since they will be devoid of any legal protection under the new enactment.

Barring the largest lender State Bank of India and Indian Overseas Bank, AIBEA represents the majority of the banks. As its members, it has four lakh bank employees from many public and old private sector and a few foreign banks. As per the release, in Maharashtra, about 30,000 bank employees from 10,000 bank branches of public sector banks, regional rural banks, old generation private sector banks, and foreign banks are giving their support to the strike.

As per the union, on November 26, bank employees will also emphasise on their demands such as adequate recruitment, strict action against big corporate nonpayers, surge in rate of interest on bank deposits, opposition to bank privatisation, opposition to outsourcing and contract system, and reduction in service charges. This can cause worry for customers.

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