rooster59 Posted January 27, 2018 Share Posted January 27, 2018 SCB union demands a review of pay rise and bonus schemes The labour union of Siam Commercial Bank (SCB) has called on the bank’s management to review its salary increase and bonus schemes after it was discovered that about 20 percent of the staff were excluded from the schemes. The union also expressed concern over the management’s organizational restructure plan which will lead to the downsizing of the bank, with the number of branch offices to be reduced to 400 from 1,100 countrywide and the cutback of staff from 27,000 at present to about 15,000 within three years. SCB union president Waitit Sirisuwan said that although the management had sought a meeting with the union’s representatives on Monday (Jan 29) to discuss the two issues, he was not convinced that the management would heed the union’s demands. Full story: http://englishnews.thaipbs.or.th/scb-union-demands-review-pay-rise-bonus-schemes/ -- © Copyright Thai PBS 2018-01-28 Link to comment Share on other sites More sharing options...
Pib Posted January 30, 2018 Share Posted January 30, 2018 Quote ...with the number of branch offices to be reduced to 400 from 1,100 countrywide and the cutback of staff from 27,000 at present to about 15,000 within three years. That's a BIG reduction in size over a short 3 year period. Either they are just super fat (really hurting profits) or they have made the decision to shift much more towards "online/machine" banking. Link to comment Share on other sites More sharing options...
topt Posted January 31, 2018 Share Posted January 31, 2018 17 hours ago, Pib said: That's a BIG reduction in size over a short 3 year period. Either they are just super fat (really hurting profits) or they have made the decision to shift much more towards "online/machine" banking. Was an earlier article about the restructuring as mentioned in the link so guess both - "SCB president and CEO Arthid Nanthawithaya earlier stressed the need of organizational restructuring in order to remain competitive amidst the rising tide of digital banking." It will presumably lead to longer queues in the remaining branches..... Link to comment Share on other sites More sharing options...
JoePai Posted January 31, 2018 Share Posted January 31, 2018 18 hours ago, Pib said: That's a BIG reduction in size over a short 3 year period. Either they are just super fat (really hurting profits) or they have made the decision to shift much more towards "online/machine" banking. Most banks worldwide are cutting staff/branches - now online is so easy and popular it makes sense to cut back fixed overheads Link to comment Share on other sites More sharing options...
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