Hatton National Bank has (HNB) offered a voluntary retirement package to its top management as part of the banks restructuring, that has been going on over the last two years but says the move will not weaken the quality of management.
The countries largest private bank says ldblquote the strategic redirection and the regionalisation
dblquote of the banks operations, is allowing it to offer the voluntary retirement package to cut down on the excess in the corporate and senior management levels.rn
rnThe bank has around 90 employees in top management, most of who will qualify for the voluntary retirement scheme, which was announced at the beginning of the month.rn
rnEmployees with 12 years or more service and between the ages of 40 to 52 are eligible for early retirement, but the decision to let go will remain with the board of HNB. rn
rnldblquote We will not let the VRS weaken the quality of the management by letting the wrong people go. The VRS is aimed at allowing people who we think have peak