Over 40K MP bank employees join nationwide strike, banking ops hit | Indore News
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Over 40K MP bank employees join nationwide strike, banking ops hit
Over 40,000 employees of 8,500 bank branches across Madhya Pradesh joined the nationwide strike on Wednesday. The strike was estimated to affect banking transactions amounting to Rs 12 lakh crore in the state, impacting deposits and cheque clearances. While banking services experienced significant disruption, other sectors including industry, transport and postal services continued their normal operations.Demonstrators expressed concern over the govt’s transfer of public banks and insurance companies to private entities. They presented a memorandum to divisional commissioner Deepak Singh. The memorandum contained 17 demands, including promoting contractual jobs and privatisation, four new labour codes, and threats to citizenship rights.
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The strike was estimated to affect banking transactions amounting to Rs 12 lakh crore in the state, impacting deposits and cheque clearances, according to the joint forum of All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA), and Bank Employees Federation of India (BEFI). While banking services experienced significant disruption, other sectors including industry, transport and postal services continued their normal operations.
In Indore, about 4000 employees from over 500 branches participated. The strike received support from public sector banks, select private and foreign banks, co-op banks, regional rural banks, LIC, and GIC employees.
The joint front of trade unions spokesperson VK Sharma said, “In MP, more than 40,000 bank employees took part in the nationwide strike. It impacted banking transactions of more than Rs 12 lakh crore.
This strike was conducted in protest against the central govt’s ongoing policies against the common people and employees. The continuous economic policies of the govt are benefiting only large corporations and industrialists.
Globally, the rule is a maximum of 8 working hours, but under the guise of ‘ease of doing business,’ companies have been allowed to extend working hours.”
Demonstrators expressed concern over the govt’s transfer of public banks and insurance companies to private entities.
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Bankers in Indore organised a protest at Abhinav Kala Samaj, followed by a rally. They subsequently presented a memorandum to divisional commissioner Deepak Singh.
MP Bank’s Employees Association chairman MK Shukla confirmed submitting a four-page memorandum containing 17 demands, including promoting contractual jobs and privatisation, four new labour codes, and threats to citizenship rights, among others, to the divisional commissioner.
Labour unions conducted a protest rally in Pithampur in the morning, advocating for worker-friendly policies before returning to work.
Pithampur Audhyogik Sangathan president Gautam Kothari said, “Operations in factories went smoothly without any disruption. The attendance was average and there was no impact of the strike in Pithampur.”
The nationwide strike was organised by a consortium of 10 central trade unions and their associates, including Indian National Trade Union Congress, All India Trade Union Congress, Hind Mazdoor Sabha, Centre of Indian Trade Unions,Self Employed Women’s Association, Labour Progressive Federation, and United Trade Union Congress among others alongside various independent federations.