SBI not to consider another round of VRS
By Our Banking Bureau | 01 Jun 2002
1
Kolkata:
The State Bank of
India (SBI) management is not considering introducing yet another
round of the voluntary retirement scheme (VRS) as a sequel to the
banks plan for further computerisation and mechanisation of
operations.
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.
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.
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