AIIEA backs bank unions strike on September 11
The All India Insurance Employees’ Association has announced its support for a one-day strike by bank unions scheduled for September 11. The strike is driven by grievances regarding the five-day work week demand and opposition to a new performance-linked incentive scheme.
Why it matters
This highlights growing labor unrest in India's financial sector and the potential for service disruptions across banking and insurance institutions.
The All India Insurance Employees’ Association (AIIEA) has extended its solidarity to the United Forum of Bank Unions (UFBU) and the entire banking fraternity in the one-day strike call on September 11 (Friday).
The strike is an expression of the growing discontent among bank employees and officers over the continued non-resolution of important issues, including the demand for a five-day banking and opposition to the newly introduced discriminatory PLI scheme, the AIIEA general secretary Shreekant Mishra said in a statement on Thursday.
The struggle reflects the strong resistance of the banking employees and officers to unilateralism, divisive measures and attempts to weaken the established system of industry-level collective bargaining in the banking sector, he said.
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