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Syndicate Bank withdraws 'no work, no pay' missive

This happened after UCO Bank's Kolkata office refused to pay employees for non-performance

Abhijit Lele  |  Mumbai 

File photo of Syndicate Bank
File photo of Syndicate Bank

has ordered the withdrawal of its “no work, no pay” notice. “This (notice issuance) was done at the regional level. It is not within the powers of the official concerned to issue such a communication. It has been withdrawn,” M Rego, managing director and chief executive officer of the bank, told Business Standard.

This comes after the UCO Bank’s zonal office in Kolkata decided not to give to its in that zone for The decision was reversed after the top stepped in, following pressure from unions last week. 

One regional manager of said in a communication to on August 30 they were expected to do a full day’s work for a full day’s salary. If an employee does not report to work or does not work during any part of the working hours, that person will be in breach of his/her contract of service. will not earn salary for that day and consequently need not report to work for the rest of the of that day. In all such instances, the principle of “no work, no pay” takes effect automatically and employee will not earn salary for that day, notice said.

C H Venkatachalam, general secretary of the All India Bank Association, said this was a wrong practice. “Unions will protest against such a move and take the issue up with the on Monday.” Public sector bank executives said there was pressure to perform, especially for credit expansion, mobilisation and recoveries from But there was no of “no work, no pay”. On August 30, while withdrawing the circular issued by the zonal manager, had said stoppage of salary across the board might not do any good. can’t be accepted and necessary action should be taken against the employee within framework of guidelines, added.

First Published: Mon, September 04 2017. 00:37 IST
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