Money & Banking

Bank employee unions oppose large-scale engagement of apprentices

Our Bureau Mumbai | Updated on December 08, 2020

Four bank employee unions have opposed engagement of apprentices on a large scale in the banking sector and sought immediate review and reconsideration of the same by the Indian Banks’ Association (IBA).

The unions said it is a matter of concern and intrigue that while banks as a whole would be recruiting only about 2,500 clerical staff in the next financial year, State Bank of India alone is planning to engage about 8,500 apprentices.

In a joint letter to IBA Chairman Rajkiran Rai G, the unions observed that if the objective of engaging apprentices is to provide skill to them — keeping in view future job opportunities in the banking sector — then engaging 8,500 apprentices, when future job openings are so meagre, is not reconcilable.

In the current unemployment scenario, where the youth are desperate for jobs, this will frustrate a majority of them as only a few, if at all, may expect to get jobs in the banks, the letter added.

Published on December 08, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like