Four-day bank strike from February 25 - The Hindu

Four-day bank strike from February 25 - The Hindu

My VIEW:

My response to the report on the subject in The Hindu Business Line, February 4, 2015

February
4, 2015
Bank
wage talks
This refers to the report
“Crucial bank wage talks fail; all-India strike from Feb 25”. Ok, let us read
the further threat that ‘the 4-day shutdown will be followed by indefinite
strike from March 16’ also together. This means, if the bank unions implement
the first part of the threat, Finance Minister Arun Jaitley will be presenting
Budget 2015-16 on the 4th day of the bank strike. Common sense  view is that this is sufficient reason to
assume that the bank strike scheduled from February 25 is quite unlikely to
materialise. Then, why IBA did not take the ‘final’ round of negotiations seriously
and the unions’ stand toughened, suddenly?
The answer is, this is
the game political leadership, bureaucracy(represented here by IBA) and trade
unions are playing successfully to fool the public. The political leadership
will take credit for either solving the issue using carrot and stick during the
coming fortnight or for breaking the backbone of a combination of trade unions
by making the proposed strike a failure. The gain for the government and banks
would be the carrying forward of crucial HR issues unresolved and ‘settling’
the wage issue ‘amicably’ in the eyes of the public.
M G Warrier,
Thiruvananthapuram



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