Bangladesh Bank Thursday asked the banks to take measures for reinstatement of their sacked employees, following complaints about job cuts during corona crisis.
Reports say many bank employees got the chop during April 2020-September 15, 2021 period sans specific grounds.
The central bank in a circular issued on the day said termination of bank employees during the pandemic happened on the basis of different charges against them.
The regulator of the banking sector also asked the bankers not to axe any employee without assigning specific allegations or reasons.
It noted that many bank employees fail to fulfill their respective targets during this global pandemic, when there had earlier been shutdowns and economic upset. Under such circumstances, many banks retrench employees.
"Employees who fail to reach target should not be fired," the central bank says in its direction.
The BB said the banks should provide detailed information to the central bank within September 30 on retrenchment of employees during the period.
Earlier, the Association of Bankers, Bangladesh (ABB), led by its chairman and Managing Director and Chief Executive Officer of Eastern Bank Limited Ali Reza Iftekhar, met Bangladesh Bank governor Fazle Kabir.
During the meeting, the issue was discussed in the wake of complaints of forced termination made by a number of bank employees.
Talking to the FE, BB spokesperson Md. Serajul Islam said: "We have received some allegations about forced job termination and the matter is now under scrutiny."
