Former Bank Employees Protest Forced Buyouts in Beijing

Hundreds of former bank employees have protested in front of the Beijing International Conference Center.
Former Bank Employees Protest Forced Buyouts in Beijing
Bank employees protest in Beijing's Financial District eyewitness photo
|Updated:
<a href="https://www.theepochtimes.com/assets/uploads/2015/07/001002Bank1_medium.jpg"><img src="https://www.theepochtimes.com/assets/uploads/2015/07/001002Bank1_medium.jpg" alt="Bank employees protest in Beijing's Financial District (eyewitness photo)" title="Bank employees protest in Beijing's Financial District (eyewitness photo)" width="320" class="size-medium wp-image-94448"/></a>
Bank employees protest in Beijing's Financial District (eyewitness photo)
Between 500 to 1,000 former bank employees who lost their jobs after forced bank buyouts, protested in front of the Beijing International Conference Center in Beijing’s Financial Street District on Oct. 26. A large police force was dispatched to the scene to disperse and arrest the protesters.

The protesters were former employees from the ‘big four’ flagship banks in China: the Industrial and Commercial Bank of China, Agricultural Bank of China, People’s Construction Bank of China, and Bank of China, according to an eyewitness, who identified himself as Yang.

“The police set up cordons. About a dozen police cars were dispatched to the scene. The police took some people away by force and put them in buses. Six buses were loaded with people. It’s probably Majialou (a notorious detention center in Beijing) that they were taken to,” Yang said.

“The protesters just stated that their banks had terminated their jobs in a systematic and illegal way. Their demands are for human rights and employment rights,” said another eyewitness, Deng.