IDBI claims strike failed, unions say near suc­cess

The Financial Express - - MONEY & MARKETS -

Mum­bai, March 28: Even as unions of state-run IDBI Bank on Mon­day claimed a suc­cess­ful one-day strike, the man­age­ment said the bank “func­tioned nor­mally”.

The strike was called by two unions — United Fo­rum of IDBI Bank Of­fi­cers and Em­ploy­ees (UFIOE) and United Plat­form of IDBI Bank Unions (UPIBU) — to protest against the gov­ern­ment plans to tur naround the heav­ily loss­mak­ing bank by hand­ing over the man­age­ment to pri­vate sec­tor.

The bank claimed that none of their ser­vices were dis­rupted fol­low­ing the na­tion­wide strike ex­cept in the Kar­nataka, where the High Court has asked unions not to go on strike.

“All bank­ing ser­vices like front-of­fice ser­vices, back-of­fice op­er­a­tions in­clud­ing cheque clear­ing, re­mit­tances, RTGS/NEFT, trans­ac­tion bank­ing ser­vices, trea­sury op­er­a­tions have been func­tion­ing nor­mally,” IDBI Bank said in a state­ment.

But the unions gave a dif­fer­ent pic­ture.

“The strike was a grand suc­cess. All the of­fices and branches of the bank re­mained closed today,” UFIOE, which called for a one-day strike, said in a state­ment.

Em­ploy­ees and of­fi­cers af­fil­i­ated to UPIBU have called for a four-day strike.

“Today, al­most 85% of the of­fi­cers and 100% of em­ploy­ees were on strike. Our strike will con­tinue for three more days,” an of­fice bearer of UPIBU said.

PTI fe Bureau adds: The All In­dia Bank Em­ploy­ees’ As­so­ci­a­tion (AIBEA) is plan­ning to go on a na­tion-wide strike on May 25 to protest against the gov­ern­ment’s plan to con­sol­i­date pub­lic sec­tor banks, Vish­was Utagi, vice-pres­i­dent of the union, told FE.


IDBI Bank em­ploy­ees protest against pri­vati­sa­tion of the bank dur­ing their na­tion­wide strike at IDBI Tow­ers in Mum­bai on Mon­day

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