UFBU Strike: If you have any bank related work next week, then start planning for it now. Yes, banks are going to remain closed for four consecutive days at the end of next week.
This is because the United Forum of Bank Unions (UFBU) has said that its two-day nationwide strike on 24 and 25 March will be as per the pre-decided schedule. UFBU said that no positive result was achieved in the talks with the Indian Banks Association (IBA) on the main demands of the employee organization.
Demand for 5 day working week from banks
In the meeting with IBA, UFBU members raised several issues including recruitment in all cadres and a five-day working week. National Confederation of Bank Employees (NCBE) General Secretary L Chandrashekhar said that despite the meeting, no consensus could be reached on major issues. UFBU is an organization of nine bank unions, which has called for a strike on March 24 and 25. An official said that banks will remain closed on March 22 due to fourth Saturday and March 23 being Sunday.
Banks may remain closed for 4 consecutive days
Due to the strike falling on Saturday and Sunday, banks may remain closed for four consecutive days. However, a reconciliation meeting is to be held with the Union Ministry of Labor and Employment on March 18 regarding this matter. UFBU has placed 13 demands before the Union Labor Ministry, which include adequate recruitment and working five days a week. He said, ‘The public sector banking system is the backbone of the country’s financial structure. But, in the last few years, the number of employees in public sector banks has reduced significantly. This has deteriorated the work environment and has affected their efficiency and reach.
UFBU said, the Indian Banks Association (IBA) had signed an agreement with the employees’ union and bank officer organizations on March 8, 2024. These include salary revision and improvement in other service conditions for the period from November 1, 2022 to October 31, 2027. The union clearly demanded that IBA should implement a five-day working week before signing the final agreement. MoUs were also signed on December 7, 2023.
Former Deputy Chief Secretary of SBI Staff Association Ashok Mukherjee had said that both UFBU and IBA had agreed on a fixed days working week. But it was not implemented.
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