If you feel that only managements have been clamouring for an exit policy, think again. Officers of the Corporation Bank are set to write a new chapter in industrial relations history by demanding an exit policy in the bank. They are going on a one-day token strike on March 30 to press for their demand for the introduction of a voluntary retirement scheme (VRS).
These officers were left out when the public sector banking industry introduced the first ever VRS last year which saw 91,970 bank employees accepting VRS. This accounted for 11 per cent of the total number of bank employees. Except for Corporation Bank, the entire industry (26 banks) introduced the scheme last year and around 15 per cent of the total work force or 1,26,280 employees had applied for VRS.
On the same day (March 30), Bank of Baroda employees too are striking work for an altogether different reason. Four employees
