Canara Bank's staff reduction move flayed

By Our Staff Reporter

THIRUVANANTHAPURAM, OCT. 12. The Canara Bank Employees Union has criticised the move to reduce the number of staff in various branches and to close down branch offices in the wake of the new economic reforms.

Addressing a press conference here today, the joint secretary of the Union, Mr. A. N. Balasubramanian, said the union would oppose the so-called reforms in the banking sector as these would lead to rise in unemployment and loss of job security.

He urged the management to formulate a plan to enable the bank to recover unpaid debts from multinational companies.

The various problems related to the banks in the wake of the new economic policy would be discussed at the fifth State conference of the Canara Bank Employees Union to be held here on October 13, he said.

The employees union leaders, Mr. K. Sreevasudevan, Mr. P. Giridharan and Mr. V. Madhu attended the press conference.

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Section  : Southern States
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