Privatization: Bank employees plan for March 15-16

Privatization: Bank employees plan for March 15-16

The All India Bank Employees Union (AIBEA) has decided to go ahead with a two-day nationwide strike on March 15 and 16 against the plan for privatization of two public sector banks (PSBs). AIBEA stated that the government and the union failed to reach common ground in consent meetings.

AIBEA Secretary General CH Venkatachalam said, “There were reconciliation meetings between the government and the representatives of the unions on 4, 9 and 10 March”. “We were ready for reconsideration … if the government agreed to postpone its decision to privatize the two PSUs,” he said.

“The representative of the Ministry of Finance cannot make any such commitment. We are opposing privatization in the public interest and have decided to pursue the strike. According to him, more than 10 lakh employees including officers and managers of various banks will participate in the strike.

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