The State Bank of India VRS |
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"They are propagating the VRS in such a manner that the employees are being compelled to opt for the scheme." - V.K.Gupta, SBI employee's union leader in December 2000. VRS Troubles
Following this, the Indian Banks Association (IBA)2 formulated a VRS package for the PSBs, which was approved by the Finance ministry.
Consequently, applications of around 12,000 officers were rejected. The officers who were denied the chance to opt for the VRS formed an association - SBIVRS optee Officers' Association to oppose this SBI directive. The association claimed that the management was adopting discriminatory policies in granting the VRS...
1] The Federation of Indian Chambers of Commerce
and Industry (FICCI) was founded in 1927. It is an apex business organization in
India, with a membership of several thousand chambers of commerce, trade
associations and industry bodies spread across the country. It represents over
2,50,000 business units. |
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