Bankers accuse employers of forcing their resignation
Bankers accuse employers of forcing their resignation
A former chief of transaction of a small bank based in Ho Chi Minh City said he voluntarily asked to quit his job two months ago because he found it impossible to achieve the incredible sale targets set by his superiors.
The banker, who asked to be referred to only as B., said it was the third time he became unemployed in three years.
Similarly, thousands of bank employees have either been laid off or voluntarily quit in recent months as banks resort to cutting staff due to poor business results.
ACB sacked more than 700 employees in the third quarter of this year, while it is rumored that Eximbank will fire thousands of employees by year-end.
The first half of this year also saw nearly 1,200 bankers of Vietinbank, BIDV, ACB, and SHB sacked for myriad reasons.
1,001 reasons for layoff
“I was beginning to realize how bitter banking is,” B. said, adding that many of his colleagues followed suit as the bank seemed to hold even the smallest and most unreasonable mistakes against its employees, forcing them to resign.
“They have 1,001 tricks to do so,” he said sarcastically.
For instance, an employee may be demoted from his managing position so that he “feels ashamed and asks to quit voluntarily.”
“On the other hand, one may be promoted but then they will be assigned unachievable targets,” he added.
A simple yet more effective method to force employees to leave is to threaten their wages.
A banker who wished to be referred to only as T. said he had to leave the bank he had been working at for three years because all of his bonuses were taken away due to his inability to achieve sales targets.
“The targets are too high to reach amid these tough economic times, and all I get is the basic salary of VND3 million (US$142) a month,” he said.
As the paltry sum is not enough to cover expenses, T. has to “seek another chance to make ends meet.”
An unnamed bank has yet another way to force its bankers to quit, according to an anonymous employee.
“The personnel department has forced bankers to choose to either write a resignation letter on their own initiative or to be transferred to another office branch where their salaries will be halved,” the anonymous banker said in an email obtained by Tuoi Tre, intended to denounce the wrongdoings of the chief executives of his company.
If an employee quits via a resignation letter, the bank is free from paying compensation to the unemployed.
It’s just normal
Le Hung Dung, chairman of Eximbank, said it is normal for banks to lay off employees when their business results are not as expected.
It is also not unusual for employees to object when they are transferred to other offices, he added.
Eximbank has been moving some 300 of the 1,000 employees at its headquarters to work at branches and transaction offices since September, but only 48 employees have been fired.
“If an employee protests that they have to work harder at the new location, we have no choice but to fire him,” he said.
Dung pressed that during difficult times, everyone should be treated the same.
“Even my daughter is working as a salesperson,” he said.
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