All India Power Engineers Federation along with 24 Federations of unions, unions, associations of workers of different sectors, and people’s organizations have supported the Bank Unions Call for two days strike on March 15 and 16 against the government's plan to privatize public sector banks.
They said that privatization of public sector banks is an anti-worker, anti-p people, and anti-social step. They claimed the privatization of a public sector undertaking has led to hundreds of workers getting thrown out of their jobs and it has also led to higher and higher use of contract workers who are employed at one-third to one-fourth the wages of regular workers.
Terming the proposed privatization of two large public sector banks is totally against the interests of people, the AIPEF members said, “Privatization is anti-social, too. The banks will no more be run for fulfilling social needs but purely in pursuit of private profit. After private banks entered the field, banking services have become much more expensive. Many people will soon find services unaffordable.”
V K Gupta spokesperson AIPEF said that along with the privatization of public sector banks, the central government has adopted a massive policy to privatize various sectors of the economy including the power sector.

people, and anti-social step. They claimed the privatization of a public sector undertaking has led to hundreds of workers getting thrown out of their jobs and it has also led to higher and higher use of contract workers who are employed at one-third to one-fourth the wages of regular workers