News: Rural banks to cut jobs

Strategic HR

Rural banks to cut jobs

The government of India has directed rural bank to reduce jobs and outsource operations of IT, cash remittance, and house-keeping. These banks presently employ 80000 employees and the government directive can affect approximately 10-12% of the workforce. This move, the government states, is to improve productivity in rural banks.

The government of India has directed rural bank to reduce jobs and outsource operations of IT, cash remittance, and house-keeping. These banks presently employ 80000 employees and the government directive can affect approximately 10-12% of the workforce. This move, the government states, is to improve productivity in rural banks.

Read the Economic Times news report here.

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Topics: Strategic HR, #Current, #Corporate

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