Himalayan News Service

Kathmandu, March 9:

The employees union of Nepal Bank Ltd (NBL) is protesting against the provisions of recently announced additional provisions under voluntary retirement scheme (VRS).

Nepal Bank Employees Association (NEBEA) and the Financial Institution Employees Union-Nepal (FIEUN) have join hands to protest against the NBL move to retire about 1,200 employees through ‘conditional VRS’ or compulsory retirement scheme. Issuing a joint press statement, NEBEA and FIEUN have alleged of ‘terrifying its employees in the name of CRS’, aimed at rightsizing the number of employees in the bank.

“The recent announcement about a mandatory retirement scheme for employees who have worked for 30 years, for employees working at a same post for 15 years, transfer of computer illiterate employees from Kathmandu to remote areas and setting up of a probation period, are totally against the basic norms of VRS,” says the statement.

The voluntary retirement should be used without applying force and should be carried out under the provisions of Employees Regulations 1992. The latest move is against the norms, said the unions, “The management is set to introduce a compulsory retirement sch-eme instead of VRS, which will be catastrophic for the bank.”