Headline

Bank Strike in December, leads to five day bank holiday

Bank Strike in December, leads to five day bank holiday: The latest news which might be un-comforting to the general public is that banks are going to be closed for five days from today onwards except Monday. According to the official’s statement on Wednesday states that in advance of the strike named the United Forum of Bank Unions (UFBU) on 26th December 2018, demanding categorical command for the XIth two-part wage amendment talks, one of the bank officers’ union has called a strike on 21st December 2019.

Banks may remain closed for 5 days due to holidays, strikes in December

Highlights

  • The banks will remain closed on December 22 and 23 on account of fourth Saturday and Sunday respectively.
  • December 25 will be national holiday for Christmas.
  • During strike on Friday, services at ATMs are expected to be “normal” while on December 26, ATM services would also be affected.

Due to the arising of strikes and holidays, the banks will be closed from Friday to Wednesday, excluding Monday. On these strike and holidays of bank, the banking services could badly be affected.

On the account of fourth Saturday and Sunday, the banks will remain closed on 22nd December and 23 December respectively. However, 25th December will be a national holiday for Christmas.

Sajay Das who is the All India Bank Officers Confederation’s (AIBOC) Assistant General Secretary, said that “We called the strike on December 21 demanding full and unconditional mandate for the XIth bipartite wage revision talks based on a charter of demands submitted in May, 2017. No headway has been made in the process so far even after 19 months since discussion on wage revision began”

He also said that around or over 3.2 lakh officers of the union would contribute in the strike as “no perceptible initiative” was witnessed from Indian Banks’ Association to affect upon the five banks who have not so far acquiesced the unconditional mandate.

The union faced the present change to limit the income expenditures only up to Scale III by mentioning non-receipt of the ‘unconditional mandates’ from five banks as a purpose while total number of 15 banks from the public sector and two private banks have previously given ‘unconditional mandates’.

The statement s by the officials states, “AIBOC believes that it is nothing but a farcical logic to restrict the wage negotiations up to the officers in scale III whereas the entire officer community is covered under unified Service Regulations”.

However on Friday strike the ATMs services are probable to be “normal” while on 26th December 2018 the ATM services might also get affected. This might lead to the problems to general public with the closing of bank for five days.

Union’s West Bengal unit President Subhujyoti Chattopadahyay said that the strike may include the fiery problem of the declaration suggesting to combine three public sector banks such as Bank of Baroda, Vijaya Bank (NSE 0.92 %) and Dena Bank (NSE 0.59 %) as well as the alliance of Regional Rural Banks.