Canara Bank employees all over the country would strike work on Thursday, protesting the “humiliating” treatment meted out to them on the occasion of the bank’s centenary year celebrations.
In a statement, Canara Bank Staff Union president M.R. Shenoy said that the year-long centenary celebrations have gone without involving the employees, though they were lavishly praised by the chairman in the media.
In the diamond jubilee year, the employees were given additional increments and bonus. But this time the interest rate on provident fund was cut down to 7.5 per cent -the lowest in the industry, he said. Shenoy said that recruitment was stopped, which resulted in increased workload on the employees.
He further said that the bank dishonored the government guidelines on absorbing part-time employees and seniority was not considered in promotions.
In a statement, Canara Bank Staff Union president M.R. Shenoy said that the year-long centenary celebrations have gone without involving the employees, though they were lavishly praised by the chairman in the media.
In the diamond jubilee year, the employees were given additional increments and bonus. But this time the interest rate on provident fund was cut down to 7.5 per cent -the lowest in the industry, he said. Shenoy said that recruitment was stopped, which resulted in increased workload on the employees.
He further said that the bank dishonored the government guidelines on absorbing part-time employees and seniority was not considered in promotions.
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