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ING Vysya staff seek job surety from Kotak

All India ING Vysya Bank Employees Union will approach RBI and FinMin to ensure jobs aren't cut

Bloomberg 

Workers at ING Vysya Bank, which is being purchased by Kotak Mahindra Bank Ltd, have sought job and wage guarantees from the billionaire founder of the acquirer. The All India ING Vysya Bank Employees Union will approach the Reserve Bank of India and the finance ministry to ensure jobs aren't cut, said K J Ramakrishna Reddy, head of the Bengaluru-based union, which represents 25 per cent of ING Vysya's employees. Billionaire Uday Kotak's bank on November 20 agreed to acquire ING Vysya for $2.4 billion and in a statement on Friday said it will welcome all employees from ING ...

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First Published: Sat, December 06 2014. 00:23 IST
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