Traffic on Bengaluru came to a halt as protesters continue to vent their rage with respect to the recent amendments to the Employees Provident Fund (EPF). Traffic on the arterial Hosur Road was disrupted, as thousands of protesters gathered at the Bommanahalli Junction in the morning.
There was no vehicular movement since morning 8:30am. The new amendments state that, employees can withdraw only their contribution to their provident fund accounts. They will be able to withdraw the employer’s contribution only after they are 58-years-old.
Regarding this move, KR Jayaraman, who is the president of Garment and Textile Workers’ Union said, "This is an anti-worker movie. If there was no contribution to the provident fund, workers will be entitled to only three years’ of interest on their employer’s contribution.
The main contention is many workers of the unorganised sectors are not sure of being employed till they are 58-years-old. Workers, who are over 40 years, are unsure, as they may not be able to find suitable jobs."
