Bank Unions Push for Permanent Jobs Over Contractual Work
Bank unions have demanded the promotion of regular employment over contractual jobs to ensure better employee benefits and social security, following the government’s recent implementation of four Labour Codes.
Key Demands Presented to Government
The United Forum of Bank Unions (UFBU) raised several critical issues during a meeting with Financial Services Secretary M Nagaraju, including:
- Implementation of five-day banking week
- Filling vacancies for Workman and Officer Directors
- Adequate recruitment of clerical, substaff and security personnel
- Pension scheme updates
“We pointed out that the youth of our country need regular and permanent jobs and hence the labour laws should promote the same instead of encouraging contractual jobs,” UFBU stated after the meeting.
Labour Law Concerns
The unions acknowledged that some labour law provisions need simplification but emphasized this should not dilute existing worker rights. The new Labour Codes replace 29 existing labour laws, creating apprehension among trade unions and employees.
UFBU stressed that any labour law changes must be conducted in consultation with Central Trade Unions, calling for proper discussion processes before implementing reforms.
