ING Vysya staff protest merger with Kotak
Bengaluru, January 7
Employees unions of ING Vysya Bank today staged a protest here with demands for ‘job security’ in the wake of its merger with Kotak Mahindra Bank.
The protest was held on a day when ING Vysya Bank has called a shareholders’ meeting here for their approval for the proposed merger. Separately, Kotak Mahindra Bank has also called its shareholders’ meeting in Mumbai today on the Rs 15,000-crore merger plan.
About 100 employees took part in the protest, jointly organised by the All India ING Vysya Bank Employees’ Union and All India ING Vysya Bank Officers’ Association, which claimed their concerns over the proposed merger remain unresolved.
“Kotak Mahindra Bank has to come forward and sign a tripartite agreement along with the ING Vysya Bank,” All India ING Vysya Bank Employees’ Union general secretary KJ Ramakrishna Reddy said.
He said the Regional Labour Commissioner in the second conciliatory meeting told ING Vysya Bank management to involve Kotak Mahindra Bank officials also in the discussion and arrive an amicable settlement. — PTI
