The United Forum of Bank Unions has called out a 2-day strike for the banks of the public sector. This is directly against the government decision to privatize certain banks.
Personnel of numerous nation-owned banks along with the state bank of India (SBI) will
go on a two-day strike beginning today.
The United Forum of Bank Unions (UFBU),which is an umbrella body of 9 bank unions has referred to this as a two-day bank strike beginning today to protest the government decision to privatize several banks within the country.
Some key takeaways from this-Around 9 lakh employees of various states have decided to participate in the protest. The ruling DMK in Tamil Nadu has prolonged help to the 2-day national strike called. party general secretary and state Minister Durai Murugan wished the striking fulfillment and announced his party’s “general support” to the protest.
The strike will be on 16th and 17th December. This strike is directly aimed at the privatization of certain banks. · SBI had already made predictions about the strike and warned potential customers and investors. SBI in a tweet advised its personnel individuals to rethink their choice and refrain from taking part in the strike.
“Furthermore, considering the ongoing pandemic scenario, resorting to a strike will reason serious inconvenience to the stakeholders,” the tweet stated. Earlier lenders including Canara Bank, PNB, Punjab, and Sind Bank, are some other banks that also pushed their employees to rethink their decisions.
The new Banking Laws Amendment has now aimed at the privatization of certain public sector banks. This has enraged people as everything is being capitalized, which puts a huge risk factor for the working class in this country.
Karl Marx’s far-fetched dream isn’t coming true anytime soon it seems. The employees of various banks have started a protest campaign ‘Bank Bachao, Desh Bachao’ at Jantar Mantar in New Delhi on December 1. The protests in our country have always been a very tough nut to crack.
From the Farm Laws protest to this, Indians know how to make things their way. India has been going through a huge change with mass privatization in almost every section of the industry. Privatization may have its advantages and help the country to grow. But the working middle class has many banes because of that.
There has to be a system of systematic privatization so that protests can be avoided in the future. “We had been recommended by using the Indian Banks’ association (IBA) that United forum of Bank Unions (UFBU) has served a word of Strike, informing that the contributors of the constituent Unions of UFBU viz.
AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF and INBOC recommend moving on a national bank Strike on 16th & 17th December 2021 in aid of their needs.
We recommend that while the financial institution has made essential arrangements to make certain regular functioning in its branches and places of work on the days of strike, it is likely that work in our bank can be impacted through the strike,” SBI said in an alternate submitting earlier.
Privatization equals providing a push to capitalization, which can be problem to the working class. Making the rich, richer has never been a feasible decision for the country.
