Bank Employees to Strike Work on Aug 22 | CORPORATE ETHOS

Bank Employees to Strike Work on Aug 22

By: | August 8, 2017
money

Aug 8: In a bid to make their voice heard against privatisation and merger of public sector banks and other moves that may prove bad for the banking sector in the country, the bank employee unions have called for a nationwide strike on August 22.

The strike call has come from the All India Bank Employees Association (AIBEA), the umbrella organization of nine bank unions and employees of public and private sector banks. The unions believe that around 10 lakh employees would participate in the one-day strike.

The striking employees would be opposing plans to privatise public sector banks, merger and consolidation of banks. Other demands include not to write-off non-performing assets (NPAs) in banks, declaring wilful default of bank loans as a criminal offence, implementation of the recommendations of Parliamentary Committee on recovery of NPAs, a report added.

As part of continuing its August 22 stir, the AIBEA would also take out a rally on September 15 in support of its demands. Further, the AIBEA also plans a two-day strike in October or November, the repost said.