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news details
JK Bank row: EJAC calls for revocation of SAC order, extends support to protesting employees
11/29/2018 11:27:27 PM
Early Times Report

SRINAGAR, Nov 29: Employees Joint Action Committee (EJAC) on Thursday extended its support to the All India J&K Bank Officers and Employees Association (AIJKBOEA) against the state government's decision to turn J&K Bank into a Public Sector Undertaking (PSU). A statement issued by EJAC said an emergency meeting was held under the chairmanship of its president Abdul Qayoom Wani. The statement said the meeting discussed the recent decision of the state government to turn J&K Bank into PSU.
The meeting decided to extend the support to AIJKBOEA "for protecting the autonomous character of J&K Bank for larger interests of people and employees of the state."
"All the EJAC leaders showed their serious concern on this decision and urged upon the Governor administration for revocation of this decision for the larger interest of the employees and people of the state," it said.
The statement quoted Wani as saying: "Due to political and bureaucratic interference, Public sector undertakings are already facing worst situation and more than one dozen public sector units are sick and at the verge of closure and their employees have reached the position of starvation due to wrong policies of the people at the helm of affairs and non-availability of salaries for years together."
Wani said that it would have been better if the government could have taken the decision for revival of those sick units instead of declaring J&K Bank as a public sector unit.
He said that J&K Bank is the collective asset of people of J&K and five lakh employees of the state are main stakeholders of the Bank.
"EJAC feels it is our moral responsibility to support all India J&K Bank officers and employees Association for protecting the autonomous character of J&K Bank for larger interests of people and employees of the state."
Wani said that the progress and economic growth of the J&K Bank lies with its autonomous character which needs to be protected at all levels. EJAC also appealed to the governor to reconsider the decision.
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