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This means access to other articles (outside the subscription period) are not included.
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In corporation bank AIBOC unit forced the management to introduce VRS, A rare case in the history of trade union. Just to benefit some members and to retain its majority status as these members threatened to resigning from the union.
A special Board meeting was called for just to approve the VRS to officers. At that time majority clerical union was opposing VRS. And the workmen union Director on the board as a last resort pointed out that the share holders representative directors are not there in the board as their term expired. Taking such vital decisions without representatives of stake holder is illegal. RBI and Govt Directors concurred hence it was deferred.
This VRS led to the downfall of Corporation bank as Majority union lost moral right to demand staff.
It has come at right time there are no employee and officer director in non of the public sector banks as on date. The good governance mismanagement of Public sector banks.
In Corporation Bank when a note for new branch is to be presented it used to have a para how the additional staff will be sourced for the new branch to be opened.
Excess staff from the region will be redeployed was the standard phrase.
It was high time of cross fire between recognised employee union opposing VRS and recognised officer union demanding VRS as given in other banks.
The employee Director raised the issue of how many excess staff are there in region to deploy on these notes. The department completely withdrew that para itself from board note and non of the board members objected to this practise.
So what deference does it make who is director if vital particulars are conveniently removed, and decisions are taken and approved.
Once again good governance by scam free Govt.
1. It is a prudent, bold and timely decision by AIBOC headed by Comrade D.T.Franco, the GS of AIBOC & ITS EXECUTIVE COMMITTEE.
2. It is most annoying to note ‘CONSPICUOUS SILENCE OF AIBEA, THE WORKMEN UNION,’ headed its GS.,Comrade Ch.Venkatachalam and all other affiliates of UFBU.
3. All the bank employees + the retirees pin all hopes on UFBU/CBPRO/AIBRF leadership to coe to their senses & support AIBOC’s writ petition in Delhi HC.
4. SATYAMAEVA JAYATHE!!!