Kathmandu. KATHMANDU: Nepal Financial Institutions Employees Association (SEBON) has expressed solidarity with the Securities Board of Nepal (SEBON) employees to protest against the strike.
The association issued a statement today expressing its solidarity. “On behalf of the Securities Board of Nepal (SEBON), we express our solidarity with the joint statement issued by the employee unions and organizations on September 22 regarding the government’s decision and the ongoing protest programs,” reads the statement. The union requests. ’
According to a letter issued by the Ministry of Finance on September 14, the Securities Board of Nepal (SEBON) has decided to cut down on various services and facilities that the employees have been enjoying since the establishment of the Securities Board of Nepal (SEBON). “The attempt to unjustly curtail the facilities provided to the employees under the Securities Act, 2063 BS and the Board’s Terms of Service Regulations has directly attacked the autonomy of the board and the legal rights of the employees,” reads the statement. Therefore, such unaccountable actions by the responsible body of the state have increased the risk of demoralizing the employees, negatively impacting the motivation and reducing the overall efficiency of the Securities Board and negatively impacting the overall capital market. ’
International Labour Organization (ILO) Convention No. Article 95 also states that deducting the benefits of the employees without the consent of the employees is a violation of the international labor standards. “At the same time, it is clear that the Ministry of Finance has crossed the limits of arbitrariness and the decision of the Ministry of Finance to reduce the allowances of the employees of the Board and to pay the facilities received in the past at par with the rest of the government,” he said. ’
The association has stressed on the need to move ahead for the development of the capital market by creating a dignified working environment as the decisions that hurt the self-esteem of the employees of the Securities Board of Nepal (SEBON), which has been serving millions of investors, will demoralize the employees working there and reduce the overall work capacity of the board.
