SBI not to consider another round of VRS
By Our Banking Bureau | 01 Jun 2002
An assurance to this effect was received by the SBI Staff Association from the bank management, says association general secretary Ashok Datta. He says the observation in this regard by the banks managing director recently was unfortunate, more so when the banks future mechanisation and computerisation plan was still at the discussion level between the management and the federation. A fresh agreement on computerisation will be needed.
The SBI managing director was recently quoted as saying that there might be redundancies to the extent of 30 to 40 per cent requiring total redeployment and introduction of the second round of VRS. The unions, too, were aware of it, he reportedly said.