Aurangabad: The United Forum of Bank Unions (UFBU), representing more than 10 lakh bank employees across the country, will observe a day-long nationwide strike on December 26 against the proposed amalgamation of Bank of Baroda, Dena Bank and Vijaya Bank.
The Public sector banks had already observed a one-day strike on December 21 for pressing their demands of wage revision.
A release issued by the Com Devidas Tuljapurkar, General Secretary of MSBEF who is also joint secretary of AIBEA, said nine union members– NOBW, NOBO, AIBEA, AIBOA, INBEC, INBOC, BEFI, INBEF and NCBE would participate in the strike.
Com Tuljapur said that amalgamation is uncalled and unwarranted since the employees are not share holders and customers demanded for it.
The Unions apprehended that consequent upon merger, a large number of branches will be closed and customers will have to face hardships since already banks are unable to cope up with the burden which the present government has imposed on Banks, he said.
He further said that all initiatives of the present government such as Jan Dhan, Mudra, Social Sector insurance schemes, Pradhan Mantri Awas Yojana, Stand up India, Start up India, Disbursement of Gas subsidy etc are centered around the banks and in the process the counters have increased to cope up with the same. There is a need to open more numbers of branches when the government proposes to close them.
In case of merger of associate banks, as many as 1,603 branches and more than 200 currency chests have been closed consequent upon which associate bank customers have deserted the merged entity in the process they have lost the business, he said.
All unions are of the view that this amalgamation is not in the interest of the nation or economy or banks or its customers rather detrimental to their interest and hence unions are opposed to it.
Striking employees from Mumbai will hold a rally and demonstration at Azad Maidan to express their strong resentment, while all the other centers similar such action programme are being implemented, he added.