November 14 & 15, 2009, Mumbai, India
Important points raised / discussed:
1. Companies/ Employers must open Escrow accounts with the bank to take care of workers in case of closure.
2. Habitual bank loan defaulters should be made public.
3. Workers dues should be given preference during recovery of NPA (Non-Performing Asset)
4. After the loss of jobs due to closure, trade unions must also think about
5. Look at alternative employment for workers after closure
6. There should be a labour audit to confirm that companies are labour law compliant, before granting them any accreditation.
7. Labour policies must not only protect workers rights but also include job creation and security.
Other suggestions:
1. Banks must reveal names of defaulters and black list employees for mis-management of loan accounts.
2. Work towards organising the un-organised and restore the right of workers to unionise.
3. Amendment in Mathadi workers act
4. Push for more judicial accountability, especially corruption and in giving appropriate judgements.
5. Implementation of labour laws at all levels should be taken by vigourously by all lawyers and trade unions.
6. Right of employer to ‘Notice of change’ must be extended to workers and unions.
o On Closures: Push to include workers rights and legal dues in the
securitisation and DRT act. Take this up with the Bank Employees Union
o Co-ordination between Bank Employees Union and Unions of closed companies
o Networking. Formulate a network of lawyers and activists on labour law information, etc.
o Push for amendment of Section 10 of Contract Labour act
o Extending complete support to the bank employees union on their stand
of un-lawful merger of banks, making the names of NPAs public.


