IndiaBreaking
Archived — This article has been archived. The information may be outdated.
Bank unions call Sept 11 strike over five-day week
The Hindu··2 Sept
The United Forum of Bank Unions announced a one-day strike on September 11 over a five-day banking week and the revised Performance Linked Incentive scheme. A three-day strike is set for September 28 to 30. An indefinite strike is planned from October 26 if demands stay unmet. UFBU says it represents more than 90 percent of bank workers.
Prism
What It Means For You
- Branch and digital banking services may face disruption on September 11 and again from September 28 to 30.
- Unions say Monday to Friday customer hours would stay intact if a five-day week is approved, with longer weekday shifts.
- An indefinite walkout from October 26 would widen service gaps if talks fail.
What's Happening
- Demands include a five-day week, withdrawal or bilateral redesign of the PLI scheme, and residual issues.
- Unions say a March 8, 2024 wage settlement already traded 40 extra weekday minutes for Saturday holidays.
- They say the package has awaited Finance Ministry approval for more than two years.
Why The Five-Day Week Is Stuck
- Banks agreed in principle in 2015 when second and fourth Saturdays became holidays.
- UFBU cites RBI, LIC, GIC and NABARD as already on five-day weeks.
- The forum covers public, private, foreign, regional rural and cooperative bank staff.
top-storiesall-newstrending-now
