Bank Employees Call for Nationwide Strike on March 24-25, Demand Five-Day Work Week
Bank Employees Call for Nationwide Strike on March 24-25, Demand Five-Day Work Week
Why Are Bank Employees Demanding a Five-Day Work Week?
A major bank strike is set to take place on March 24 and 25, as bank employees across the country protest to press for various demands. One of their key demands is the implementation of a five-day work week for banks, similar to global banking norms.
Debate Over Work Hours
The issue of work hours has been a topic of debate in India. Recently, Infosys co-founder Narayana Murthy suggested that young professionals should work 70 hours a week, which sparked discussions across industries. Amidst this debate, bank employees have been demanding a five-day work week for a long time. Currently, most banks in India operate for six days a week, making it difficult for employees to maintain a work-life balance.
Failed Talks Lead to Strike Decision
The United Forum of Bank Unions (UFBU), an umbrella body of multiple bank unions, recently held talks with the Indian Banks’ Association (IBA) regarding their demands. However, as no resolution was reached, the unions have announced a nationwide strike on March 24 and 25 (Monday and Tuesday).
Why Are Bank Employees Insisting on a Five-Day Work Week?
- Work-Life Balance: Employees argue that working six days a week leaves them with little time for personal life and family.
- Mental & Physical Health: Continuous work pressure affects both mental and physical well-being.
- Productivity & Performance: Employees believe that a five-day work week will enhance productivity, reduce stress, and create a better work environment.
- Global Norms: In most countries, banks function only five days a week, and Indian bank employees want a similar work structure.
Other Key Demands by Bank Unions
Apart from the five-day work week, bank unions have put forth several other demands, including:
- Adequate recruitment across all categories to reduce workload.
- Withdrawal of performance-based incentive schemes.
- Regularization of temporary employees.
- Ensuring security and protection for bank employees.
- Appointment of worker or officer representatives in Public Sector Banks (PSBs).
- Amendment of the Gratuity Act to increase the maximum limit to ₹25 lakh.
With no resolution in sight, the two-day strike is expected to impact banking services across the country. Customers are advised to plan their transactions accordingly.
