General insurance unions oppose change in promotion policy

Employees’ unions have opposed the amendments to the promotion scheme of the four public sector insurance companies.

 

Mr P.P. Mohanan, general secretary of General Insurance Officers All India Association (GIOAIA), Kerala unit, said in a statement that the management’s decision to introduce “lateral entry” for recruitment of officers at senior level is against the interest of the PSU insurance companies.

Instead of giving opportunities to the existing officers of the companies, the hiring of officers from outside is not justifiable, he said.

Another amendment is to recruit through campus selection. This is against natural justice, he said.

http://www.thehindubusinessline.com/industry-and-economy/banking/article3616511.ece