Bank Union Outcry: SCB's Controversial Axing Under Scrutiny

The All India Bank Officers' Confederation (AIBOC) has condemned Standard Chartered Bank's dismissal of key union members on false redundancy claims. The move violates Section 33 of the Industrial Disputes Act, occurring during ongoing industrial disputes. Terminated officials include ASCBO's general secretary and president, Satyajeet Tripathy and Tilottama Roy.

In a heated controversy, the All India Bank Officers' Confederation (AIBOC) has strongly criticized Standard Chartered Bank's abrupt termination of key union members. The AIBOC accused the bank of illegal dismissals under the guise of 'redundancy', affecting two main office bearers and four union members from the Association of Standard Chartered Bank Officers' Kolkata (ASCBO).

Among those terminated were Satyajeet Tripathy, ASCBO's General Secretary, and President Tilottama Roy, along with four other active union members. The dismissals were executed immediately, with finalized settlements enforced without proper procedure or negotiations, according to a statement issued by AIBOC.

These actions reportedly took place amid ongoing industrial disputes, defying Section 33 of the Industrial Disputes Act, 1947, which protects employee conditions during tribunal adjudications. AIBOC alleges that the bank's measures are both arbitrary and illegal, raising concerns over employment practices within Standard Chartered Bank.

(With inputs from agencies.)