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Bank unions announce nationwide strikes in India
The United Forum of Bank Unions (UFBU), an umbrella organization representing nine bank employees and officers' unions, has announced a series of nationwide strikes in India. The protests are driven by demands for a five-day work week and opposition to the government’s proposed Performance-Linked Incentive (PLI) scheme.
The scheduled industrial actions include a nationwide strike on September 11, followed by a three-day strike from September 28 to September 30. If the government and bank management do not address the unions' demands, the UFBU has threatened to launch an indefinite strike starting October 26.
A primary point of contention is the implementation of a five-day banking week. While the Indian Banks’ Association reportedly agreed to a proposal in March 2024—which involves increasing daily working hours by 40 minutes from Monday to Friday to compensate for Saturdays off—the unions claim the matter has remained pending for over two years. Additionally, unions argue the proposed PLI scheme lacks uniformity, noting that incentives for higher-scale officers differ significantly from those offered to workmen and lower-scale officers.
Entities
Government of India · India · Indian Banks’ Association · New Delhi · United Forum of Bank Unions
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] An indefinite strike will begin on October 26 if demands are not met. odishasambad.in · www.orissapost.com · www.deccanchronicle.com · www.bhaskarhindi.com · hindi.news18.com
- [● 5 SOURCES] A nationwide strike is scheduled for September 11. odishasambad.in · www.orissapost.com · www.deccanchronicle.com · www.bhaskarhindi.com · hindi.news18.com
- [● 5 SOURCES] Unions are demanding the implementation of a five-day work week. odishasambad.in · www.orissapost.com · www.deccanchronicle.com · www.bhaskarhindi.com · hindi.news18.com
- [● 5 SOURCES] Bank unions oppose the current Performance-Linked Incentive (PLI) scheme. odishasambad.in · www.orissapost.com · www.deccanchronicle.com · www.bhaskarhindi.com · hindi.news18.com
- [● 3 SOURCES] The strike decisions were made during a meeting held on Sunday. www.orissapost.com · www.deccanchronicle.com · www.bhaskarhindi.com
- [● 5 SOURCES] A three-day nationwide strike is planned for September 28, 29, and 30. odishasambad.in · www.orissapost.com · www.deccanchronicle.com · www.bhaskarhindi.com · hindi.news18.com