Brand Updates & Reviews

180 HBL employees were served with forced retirement and job termination letters

Habib Bank Limited has laid off around 180 representatives in a solitary go, we have affirmed with sources. As indicated somewhere in the range of 180 HBL workers were presented with forced retirement and termination letters late Friday.

On the off chance that sources are to be trusted, another 2,000 workers are on the list to get fired from their positions.

This down-estimating is for the most part because of bank’s current move in technique that is presently more engaged towards cost cutting. Sources at HBL said that this cost-cutting drive became possibly the most important factor after the bank paid powerful punishment to American controller.

“HBL administration began firing representatives late Friday and somewhere in the range of 180 workers were brought in with decisions to either sign an early retirement or face work terminations”.

Source said that dominant part of these workers were in 45-52 age gathering.

Naveed Asghar, Director Marketing and Spokesperson of HBL confirmed about the evacuation of workers. “There are many numbers coursing yet an aggregate of 144 representatives are given early retirement with their advantages as per lead book. Choice depends on bank’s arrangement.” Asghar included.

After the advancement, somewhere in the range of 150 representatives of Habib Bank — speaking to various workers’ unions — dissented outside the press club in Karachi. Dissenters were holding the pennants with mottos against the present administration.

They requested Prime Minister of Pakistan, Chief Justice of Pakistan, Governor State Bank of Pakistan and Prince Karim Aga Kahn to mediate and enable workers to spare their employments.

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