Bank Strike on Feb 12: Gujarat Faces Rs 15,000 Cr Transaction Hit, 25,000 Staff Out
Bank Strike on Feb 12: Gujarat Faces Rs 15,000 Cr Transaction Hit, 25,000 Staff Out
- •Banking services across India, including Gujarat, to be affected on February 12 due to a nationwide strike by bank employees and trade unions.
- •Approximately 25,000 bank employees in Gujarat will participate, potentially impacting transactions worth Rs 15,000 crore in the state.
- •Strike called by 10 central trade unions protesting new labor codes, alleging they weaken workers' rights and make union activities difficult.
- •Unions also raise concerns about increased employer freedom for layoffs, promotion of fixed-term employment, and ongoing privatization in the banking sector.
- •Customers advised to complete essential banking tasks before February 12, as State Bank, Federal Bank, and Karnataka Bank will not participate, but most other public sector banks will.
