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MANGALORE, Feb. 15

IN a new twist to the ongoing voluntary retirement scheme saga in Corporation Bank, the Corporation Bank Employees' Union (CBEU) and the Corporation Bank Officers' Association (CBOA) have stated that they are staunchly opposed to the idea of introducing a "separation package" for the officers of the bank.

Even as officers affiliated to the Corporation Bank Officers' Organisation (CBOO) — affiliated to AIBOC — launched a relay hunger strike on Thursday and plan to intensify their agitation in favour of downsizing, members affiliated to the `award staff union' (CBEU) and the officers' association (CBOA) staged a demonstration in front of the bank's corporate office here to voice their dissent against any move to introduce a voluntary retirement scheme in Corporation Bank.

According to the AIBEA-affiliated CBEU's General Secretary, Mr K.S. Joshi, about 2,900 officers affiliated to CBOO have been pressurising the management to introduce a severance package. The management, under pressure from CBOO, had ostensibly constituted a `restructuring committee' to explore the possibility of closing down several zonal offices and branches to create an`artificial staff surplus' for the sole purpose of introducing a voluntary retirement scheme.

CBEU has also stated that with the bank now on an expansion spree, the board of directors had taken a "conscious decision" not to introduce VRS in the bank since there was no surplus staff to be eased out.

Claiming a membership of over 7,000, CBEU and CBOA also said that with only 600-odd branches, the bank was, in fact, facing a shortage of staff in several branches.

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