ank unions have renewed their call for stronger job security and improved working conditions, days after the government activated the four new Labour Codes replacing 29 earlier labour laws. In a meeting with the Financial Services Secretary, representatives from the United Forum of Bank Unions (UFBU) reportedly urged the Centre to prioritise permanent employment over contractual hiring. They argued that stable jobs are essential for ensuring fair benefits, safer work environments, and long-term social security for employees.
During the discussion, the unions highlighted several unresolved issues affecting bank staff. They pressed for the long-awaited introduction of a five-day banking week, which they believe would support employee well-being and productivity. The UFBU also raised concerns about delays in appointing workman and officer directors in bank boards, calling these positions crucial for balanced decision-making.
The unions further underlined the need for immediate recruitment across clerical roles, substaff categories, and security personnel. According to them, many branches are struggling due to shrinking manpower, placing additional workload on existing employees. Updating the pension framework for retirees was also listed as a priority, with unions stating that many former staff members are awaiting overdue revisions.
The implementation of the new Labour Codes has triggered unease among various employee groups. Trade unions fear that the revised laws may weaken certain protections even as they aim to modernise labour regulations.
Bank unions reiterated that while reforms are necessary to match evolving workplace dynamics, any changes must safeguard existing rights. They urged the Labour Ministry to engage more actively with central trade unions to resolve concerns through dialogue.