The All India Bank Officers’ Confederation has decided to participate in the September 2 strike.

Urging members to respond positively to the confederation’s strike call, AIBOC’s General Secretary D Thomas Franco Rajendra Dev stressed the need to speed up and spread the struggle against the privatisation policy of the government, labour reforms and unlimited foreign direct investment in the financial, rail, defence and retail sectors.

According to Dev, AIBOC along with the United Forum of Bank Unions (UFBU) had participated in the earlier struggle, but the government has been unrelenting and continues to speed up the so-called financial sector reforms.

Officer-Director vacancies have not been filled up in as many as 17 banks. Vacancies on bank boards are also not being filled up and yet “important decisions on HR issues are being taken in the absence of our representatives on the board,” he added. He further alleged the Indian Banks’ Associaiton (IBA) was dilly-dallying on superannuation issues.

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