The clout enjoyed by trade unions, which could once influence management decisions for workers and also successfully create roadblocks if demands were not met, is slowly reducing.
Apart from All India Bank Employees' Association( AIBEA), other unions which will be part of the strike are All India Bank Officers' Association (AIBOA) and Bank Employees Federation of India.
The 2-day BRICS Labour and Employment Ministerial meeting will commence here tomorrow but the Central Trade Unions (CTUs) have decided to boycott the event.
Production in the factories of Tata Steel and Tata Motors was normal while banking services were badly hit by the one-day nationwide strike called by several trade unions in the mineral-rich Kolhan region, comprising East and West Singhbhum and Seraikela-Kharswan districts of Jharkhand.
Normal life in several parts of the country was affected today by the one-day nationwide strike by trade unions with public transport, banking and mining being among the most-hit, while protesting workers were detained in Haryana, Jharkhand, West Bengal and Andhra Pradesh.
"The strike is on. We are getting good response. More information will pour in after sometime. Around 90 percent workers at BHEL's plant in Tiruchirapalli have not reported at work in the morning shift," Centre for Indian Trade Unions (CITU) General Secretary Tapan Kumar Sen told PTI.
All major unions, excluding RSS-associated BMS (Bhartiya Mazdoor Sangh), have joined the strike call, terming the government's assurances to look into their demands and the recent announcements for two-year bonus and hike in minimum wage as "completely inadequate".
"The government's minimum wage announcement is completely inadequate. The strike stands and we demand they should enact a law to fix minimum (universal) wage," All India Trade Union Congress General Secretary Gurudas Dasgupta said.
Another EPFO trustee and Bharatiya Mazdoor Sangh member P J Banasure said the issue has been deliberated upon in the Finance, Audit and Investment Committee (FAIC) meeting of the EPFO. FAIC has already rejected the proposal to use unclaimed EPF money for creation of any senior citizen welfare fund.
AITUC Secretariat condemned the full open door FDI policy for defence, aviation and retail trade and six other sectors including pharmaceutical, the union said in a statement.
The general secretaries of Unite, Unison and the GMB were among 10 union leaders who wrote a letter to the Guardian newspaper claiming that parental leave and holiday rights would be under threat without EU protection.
All India Trade Union Congress Secretary D L Sachdev suggested that the minimum wages for unskilled workers cannot be less than Rs 15,000 per month as demanded by the unions in view of price rise of commodities and essentials in the last few years.
As Coal India plans to ramp up production with heavy investment in hi-tech machines, one of its trade unions has strongly denounced the move fearing "huge job losses".
Trade unions today gave call for day-long nationwide protest on Friday against Finance Ministry's decision to fix 8.7 per cent interest rate for provident fund subscribers, lower than 8.8 per cent decided by the EPFO.
"Policy related decisions like disinvestment in CIL ...will be taken up at government level," Coal India management apprised a delegation of four trade unions in a meeting.
The Labour Ministry held tripartite consultations to discuss the Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2015, which was opposed by the unions, including BJP-backed Bhartiya Mazdoor Sangh (BMS).
The job cuts would mainly fall at the plant in Scunthorpe, eastern central England, which employs 3,000 people and is the biggest steelworks in Britain.
As a nationwide strike of trade unions hit banking and other services on Wednesday, business chambers pegged the loss to the economy at a staggering Rs 25,000 crore.
The government has set up a high-level inter-ministerial committee under Finance Minister Arun Jaitley to hold discussions with the unions on issues concerning labour.
This is not only the biggest employee action in the UK steel sector in the last three decades, it can significantly hit Tata Steel's Europe operations.
Jaitley, who would be presenting his second Budget in February end, will hold pre-budget discussions with industry and trade groups on January 6, followed by agriculture sector on January 7 and social sector the next day.
On Tuesday, Cabinet Secretary Ajit Seth has called a meeting of top officials to consider what to do with the 10 firms that make the biggest losses. They had a combined net loss of Rs 245 billion (USD 4 billion) in 2012/13.
The Coal India management may reach out to trade unions next week and apprise them about the shelved divestment plan. The management of the company is keen to avert the three day strike beginning December 17, which was announced by Coal India unions.
Five trade unions have told the government that if the issue of further disinvestment in Coal India is not resolved they might resort to industrial action.
Coal Minister Sriprakash Jaiswal had said last week that major unions had reached a pact on 5 percent disinvestment in Coal India to garner Rs 10,000 crore.