Post-Merger of the bank, There Will Not Be a Single Job Loss: FM
Banking consolidation was the bare necessity for the growth of the economy and while the FM Sitharaman was replying to a question on the bank employees unions opposing the merger plan on the ground it would lead to loss of jobs.
The FM said, not even one employee shall be removed following the amalgamation.
"Absolutely, ill informed. I want to assure every union in everyone of these banks to please recall what I have said last Friday. When we spoke about amalgamation of banks I have very clearly underlined the fact that there shall not be one employee removed. Not at all", she told reporters here.
She was replying to a question on the bank employees unions opposing the merger plan on the ground it would lead to loss of jobs.
Sitharaman on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as the government looked to boost economic growth from a five-year low.
Responding to the government's plan, the All India Bank Employees Union has said the amalgamation would lead to closure of banks besides job losses.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.