Financial Daily from THE HINDU group of publications
Saturday, Mar 18, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Money & Banking - Outsourcing
Industry & Economy - Trade & Labour Unions


Bank unions to protest outsourcing

Our Bureau

Chennai , March 17

The All-India Banks Employees Association (AIBEA) and All-India Bank officers association (AIBOC) have planned a massive campaign including strike actions to protest the outsourcing of normal banking services by banks.

In a circular to its member units, the AIBEA said that massive outsourcing to private agencies in the guise of business correspondents and business facilitators was being done. It expressed fears that "bank premises will be virtually shut out for the common people." It also feared that gullible people would be duped and cheated by private agencies. It said that if outsourcing were done, there would hardly be any work in the branches for employees and there would be redundancies and surplus. Unveiling a programme of agitation including rallies and lunchtime demonstration, the circular also mentions the possibility of an all India strike in the 3rd or last week of May.

More Stories on : Outsourcing | Trade & Labour Unions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Bank unions to protest outsourcing


Forex reserves up $773 m
Cosmos ties up with Electra Card
Nucleus in pact with UAE bank
StanChart arms picks 16% stake in GTL
Andhra Bank loan for Cynosure bikes
UTI Bank opens branch at Alamuru in AP
PNB opts for status quo on statutory auditors
Exim Bank to lend $5 m to Ucal Fuel arm
AP plans strict action against errant MFIs
`Asia needs to focus on consolidation of banks'
Coop banks told to improve efficiency
ING eyes €100 m profits



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line