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8th January One Day Bank Strike – Deprives Customers for Three Days

8th January One Day Bank Strike – Deprives Customers for Three Days – The union is against imposition of SBI’s service conditions and career progression rules in associate banks.

indexAll India Bank Employees’ Association (AIBEA) has called for a one-day nation-wide strike on January 8 to protest against the “unfair” policies adopted by SBI with respect to its five associate banks.

The country’s largest lender has five subsidiaries — State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Mysore, State Bank of Hyderabad and State Bank of Patiala.

“The agitation is because of the continued unfair labour practises of the SBI management who are trying to force SBI service conditions on the associate banks,” AIBEA said in a statement.

The union is against imposition of SBI’s service conditions and career progression rules in associate banks.

They have also demanded de-linking the associate banks from SBI.

AIBEA had earlier planned for a similar strike in associate banks on December 1 and 2.

However, the strike was deferred subsequent to a conciliation meeting on November 23, 2015, wherein SBI management agreed to defer the implementation of the career progression scheme and hold bilateral discussions with the unions.

“The bilateral meeting that was subsequently held with the union was futile and the management continued with their adamant stand on the issues. Hence, we are going on with the strike,” it added.

However, the proposed one day strike on the 8th of January, will deprive the customers of any banking service consecutively  for three days, as the 8th January’s strike on Friday is followed by second Saturday of the month, then its Sunday.

Consequently, some of the ATMs in major metros might go dry. Cheque clearances and other transactions will get delayed at least by three more days.

“Chennai city alone has 3,000 ATMs. There is unusual rush at ATMs either for withdrawing cash for travel or to meet expenditure for Pongal festival. Besides, since Tuesday, customers in Chennai have been withdrawing the flood relief amount offered by the Tamil Nadu government. This might lead to commotion at some places,” said R. Venkatesan, an executive with a private firm.

Agreeing that some of the ATMs might go dry soon, AIBEA general secretary, C.H. Venkatachalam said, “We have asked the banks to do maximum filling of cash at all ATMs on Thursday itself. Barring a few private agencies, most of the banks will not be filling cash for the next three days.”

Source: Economic Times

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