The All India Bank Officers’ Confederation (AIBOC) has extended its support to the Union Bank officers who have announced a strike on September 27. AIBOC stated that the concerns raised by the Union Bank employees are legitimate and addressing these issues is crucial for the well-being of the banking sector. As a result, all bank employees under AIBOC are expected to participate in the strike, potentially leading to a widespread industrial action across the banking industry.
The All India Union Bank Officers’ Federation and the All India Union Bank Employees’ Association have called for a one-day strike on September 27, 2024. This strike comes as a response to what they describe as harassment and unfair treatment of employees by the bank’s top management.
The two unions have outlined 20 major concerns that they believe are affecting both the employees and the overall health of the bank. One key issue is the hiring of external consultants, whose recommendations are often implemented without fully considering the impact on employees and day-to-day operations. The unions feel that this approach overlooks important factors at the ground level.
Another major point of frustration is with the HR department, which, according to the unions, has failed to follow through on agreements reached during bilateral negotiations. This breach of trust has created growing tension between employees and management.
The unions are also concerned about the bank’s increasing reliance on contractual employees, arguing that this poses risks as these workers may lack the commitment and experience of full-time staff. They see this trend as undermining the stability and future of the bank.
In addition, the unions criticize the bank’s aggressive promotion of third-party products, which they believe is distracting employees from focusing on the bank’s core business. They argue that this shift in priorities is damaging both employees’ morale and the long-term success of the bank.
Although the unions initially hoped to resolve these issues through discussions, they claim that the management has been unresponsive and unwilling to engage in meaningful talks. As a result, the unions feel compelled to move forward with the strike on September 27 to ensure their concerns are addressed. They hope this action will bring management to the negotiating table for a fair resolution.
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