Employees of 5 associate banks to go on strike on May 20

With the announcement made by the SBI leading path to merger plans, has come across a different reaction of unlikeliness by employees of 5 associate banks of SBI which makes them to come with a strike on the 20th May showing disagreement to the whole merger plans which was single handedly confirmed and announced by the SBI.

Employees of 5 associate banks to go on strike on May 20

Following the announcement of its merger plans , employees of 5 associate banks of the SBI called for a strike on May 20, 2016. According to reports, these are the reasons why the disagreement among the associate banks of the SBI stepped in and on what issues will the strike be laying emphasis on:

  1. SBI's Management reflecting an arrogant and high handedness image in front of the employees of the associates has forced employees of all five associate banks of SBI, affiliated to All India Bank Employees Association, to protest against forceful closure and take over of associate banks by SBI.

  2. The boards of 5 associate banks of SBI, that is, State Bank of Travancore (SBT), State Bank of Mysore (SBM), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ) and State Bank of Patiala (SBP) met on May 17 in Mumbai, to discuss an agenda that was purported to have been decided earlier.

  3. However without any prior intimation or notice a table agenda was brought in the board meeting at the dictates of SBI to close down the associate banks and acquire the same by SBI.

  4. In the meeting, the agenda was opposed by all the AIBEA's workman directors and few other independent directors of associate banks.

  5. The associate bank employees and their unions have been opposing such merger and have been on agitation for last several months demanding implementation of various items as per government directives relating to compassionate appointments, Staff Housing loan and other matters.

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