It’s been a long time since the Bankers have gone on strike and it’s about time. On 5 August 2011, around 10 lakh bank employees will participate in a Nationwide strike that may result in, well, all the things that you can imagine, no branches open, no money in the ATM’s, no cheque clearances etc. Unlike most other strikes where only Public sector Bank officials used to participate, this time all the banks, Public, Private, Rural and International banking officers will raise their voice demanding their demands be fulfilled.
Their demands?
To prevent giving banking licenses to corporate companies (since they think that Corporates’ may misuse the easy money collected as deposits), preventing mergers of associate banks in SBI, reducing the work days to 5 instead of the current 5 and half days (they refer the Central Bank, RBI as an example which only functions 5 days a week), unresolved pension issues and various other banking reforms that the Government wants to make by passing a bill in this parliament session.
