SBI To Add 14000 People To Its Workforce; VRS Scheme To Be Not Seen As Austerity Drive

While there is still chaos in the job market owing to coronavirus led disruption, country's state-run bank has announced of hiring 14000 people to its workforce. Also at the same time the lender said its VRS scheme should not be taken as an austerity drive.

SBI To Add 14000 People To Its Workforce; VRS Scheme To Be Not Seen As Austerity Drive

"There have been media reports about the "On Tap VRS" scheme proposed to be introduced by SBI. The reports have been interpreted as a cost cutting measure and Bank's intent to reduce workforce," it said. "Bank has been employee friendly and is expanding its operations and requires people, which is evidenced by the fact that Bank has plans of recruiting more than 14,000 employees this year."

Also it added that the on tap VRS route will provide a congenial solution to its workforce who intended to make strategic shift due to any of such reasons including professional growth limitations, mobility issues, physical health conditions or family situations.

"While our commitment towards our valued employees remains unshakable, we are deeply desirous of skilling the unemployed youth of the country, as is evidenced by the fact that we are the only Bank in the country which has onboarded Apprentices under the National Apprenticeship Scheme of Govt of India," it further added.

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