The Hindu Business Line : Bank unions to protest outsourcing

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