Yemen Central Bank workers begin strike
Baku, January 15 (AZERTAC). Upon failure to reach an agreement with the government, Yemen Central Bank Labor Union announced the beginning of a general strike, the first ever of its kind in the country. By law, and because of the nature of their profession, employees of the Central Bank are not allowed to strike, the institution being registered as a National Security risk.
The Union is now challenging the government both on legal and social grounds, arguing no employees - public or private sector - should ever be prevented from exercising its civil rights.
Workers' demands include -- better working conditions in terms of relation with the hierarchy, full payment of benefits, the issuance of clear working regulations, retirement benefits, equal career and training opportunities and the establishment of youth-program giving young people the chance to get on the career ladder.
Shamsan Babiker, the Union spokesman told the media on Saturday the movement is a reflection of a breakdown in communication with the state, which since July 2012 failed to address workers' rightful demands. Babiker explained that none of the promises the state made toward the Central Bank workers had been fulfilled, recalling an agreement made back in August 2011 in between the Union and management in regards to salaries and back payment of benefits.
Economists now warn a lengthy strike will negatively affect Yemen's economy and lead to monetary and financial instability, which in light of the situation could be catastrophic.
The Central Bank is essentially responsible for maintaining prices stability and ensure a safe and stable financial system.
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