Bank Strike Looms: 4-Day Closure Expected Over 5-Day Work Week Demand
Business
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CNBC Awaaz•22-01-2026, 11:11
Bank Strike Looms: 4-Day Closure Expected Over 5-Day Work Week Demand
- •Bank employees nationwide plan a strike on January 27, 2026, demanding a 5-day work week.
- •The strike, combined with a fourth Saturday, Sunday, and Republic Day holiday, could lead to a 4-day bank closure.
- •The United Forum of Bank Unions (UFBU) claims an agreement for a 5-day work week was reached in March 2024 but not implemented.
- •Unions argue a 5-day week would reduce employee pressure, improve efficiency, and enhance work-life balance.
- •UFBU has proposed working an extra 40 minutes daily from Monday to Friday to accommodate the change.
Why It Matters: Bank customers face potential 4-day closure due to strike for 5-day work week.
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