Cool Title, but what’s the news?
Banks, from today, are going on a 6-day strike, until the coming Wednesday. The operations will again resume on Monday and will again be ceased till Wednesday. The bank officials are demanding unconditional mandate for the XIth bipartite wage revision talks, based on demands submitted last year in May.
Okay, but what does it mean?
Banking operations, throughout the country, are expected to take a hit as a result of the strike, which is all the more concerning, in the light of the ensuing holiday season. The officials are seeking immediate wage revision and protesting merger of the state-owned banks, on the account of zero progress made on the wage revision front, even after 19 months, after submitting the proposal.
Why should I care?
Although most of the banks have already communicated the news about the strike to their respective customers, there might still be a lot of people, unaware of the developments. And for those who were unaware, they can avail the services on Monday and be prepared for the obstruction in operations for the next two days.
Source: Times of India