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Bank unions take realistic view, sign MoU on turnaround plan

Bank unions take realistic view, sign MoU on turnaround plan

Friday, April 7, 2017, 4:39 PM

Deviating from the earlier stand, the unions have now signed a MoU with a clause stating that employees and officers' unions would be consulted before implementing the plan. Redefining the age-old management and union-relationship, while unions are becoming more accommodative, banks are now more transparent in their dealings with the unions. Nearly ten-banks have signed a (MoU) with unions to formalise a turnaround pact.
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