Nearly 14,000 officers and other staff of IDBI Bank are participating in a a four-day nationwide strike starting Monday to protest against the government’s privatization plan. The strike has been called by the United Platform of IDBI Bank Unions (UPIBU), which constitutes officers from the All India IDBI Officers’ Association (AIIDBIOA) and IDBI Employees’ Association (IDBIEA). UPIBU said in a statement that the agitation program, which includes the four-day strike, is against the contemplated move of the government to reduce its stake in IDBI Bank below 50%. It has also demanded that suspension orders issued against certain officers regarding their agitation last week be revoked. The protest follows two failed reconciliatory meetings with the labor commissioner between the employees and the management. Separately, the All India Bank Officers’ Association (AIBOA) had also issued a one-day strike call on Monday to lend support to IDBI Bank union.
