Five days Banking will be implemented with in 2-3 month

Dear comrades: About 5 days banking:

I have been going through the messages in the group and understand the sentiments of members who feel the strike should have taken place.

I completely agree that a strike would have further engaged our membership and it was an opportunity to show our might.

However, let us remember that strike calls are not given just for the sake of striking, but to ensure our demands are met.

Unions did have an agreement with IBA in March 2024 but the govt never gave a positive response to implementation of 5 day week.

This is the first time the government has shown positive intent to implement a 5-day work week in the Banking Industry.

Had we gone ahead with the strike despite govt's positive nod, it could have made the govt more rigid in its stance. Instead, our focus should remain on achieving our goal.

The Joint Secretary, DFS has explicitly conveyed that the Finance Ministry is positively pursuing the implementation of a 5-day work week.

The Chief Labour Commissioner (CLC), the highest authority for industrial dispute resolution on the country, has committed to overseeing its implementation.

With such strong assurances, it was felt necessary to postpone our strike for a month or two to allow the process of implementation of 5 day  to move forward smoothly.

We are hopeful that the 5-day work week in the banking industry is expected to be implemented in the 2-3 months.

Many other major issues such as detailed plan of recruitment, revisiting PLI, Perquisites tax etc. has also been agreed for discussion and resolution.

We urge all members to trust the leadership and remain united.

Regards,
UFBU