1250 temporary workers who were working in the 850 branches of the State Bank of Travancore (SBT) are under threat of retrenchment. It is reported that direction has already been issued to terminate them. This is preposterous and against labour laws. These workers are engaged for a long period. They were being exploited by denying full wages and now they are being retrenched. In addition to the trade unions, the Government and the Labour Department should intervene in the matter and ensure that they are not retrenched.
It is also to be well understood that the SBI-SBT merger and connected decisions are not isolated ones, but the well planned conspiracy of the government, MNCs and Indian Corporates to finish the PSU Banks and allow the former to take over the banking industry in the country. Working class can not allow this loot of this country.