Chennai: Public sector bank employees are planning to go on a strike on December 1, 2015 against State Bank of India, which is reportedly planning to merge its subsidiaries.
Unions have threatened to go on indefinite strike from December end against the move.
C H Venkatachalam, general secretary, All India Bank Employees Association (AIBEA) said that while SBI wants mergers, the association is looking at de-linking the subsidiaries.
He alleged that the SBI management has threatened to close associate banks and merge them with itself, causing anxiety among employees.
Venkatachalam also alleged that there have been attempts to adversely and unilaterally amend the service conditions of the employees in associate banks.
“Today SBI management wants to ignore and negate settled service conditions and wants to impose SBI service conditions which are not acceptable to the employees in associate banks,” he said.
In case of SBI, a career progression policy has been agreed upon as per the settlement reached with the bank’s union. But other unions are not ready to accept this as it increases working hours, introduces shift system, round-the-clock banking adn periodical transfers among others.
AIBEA said that while SBI is a major shareholder in associate banks, these banks are seperate entities and government guidelines must be applied on these banks instead of imposing SBI’s service conditions.
The unions’ demands include de-linking of associate banks from SBI, autonomy for associate banks, negotiations on the demands of SSBEA, implementation of government-approved scheme of compassionate appointments and fair increase in quantum of staff housing loan.
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