This reason Citibank Employee layoffs

JAKARTA, KOMPAS.com - Citibank Indonesia confirmed the layoffs (layoffs) at about 100 employees. Now the problem is in the final stages. Country Corporate Affairs Head of Citibank Indonesia Supreme Admiral layoffs explain step was taken because a part of the restructuring of the results of the evaluation of the company's business done in Indonesia.

"This is also done in order to improve our productivity in Indonesia.'s Also at the same time improving their business strategy," said Agung to Kompas.com in Jakarta, Monday (01/28/2013).

According to the Court, Citi is consistently doing the evaluation of strategies to improve business productivity, operational processes, resource allocation and optimization of customer service in Indonesia. The move is in line with the strategic objectives of the business of Citibank to provide optimal results in every line of business. The results of this evaluation were admittedly an impact on the number of positions in the bank.
It also has made several efforts such as the placement of a number of employees affected by the position to another position in the bank.
"However, it still can not avoid the termination of employment contracts that result from lost positions due to this restructuring measures. Bottom line is this is part of the evaluation process that we do business in order to improve the productivity of Citi in Indonesia," he added.
Impact, the end of February 2013 there will be two Citibank branches should be closed because it is a branch with a fairly small customer activity Jakarta and Surabaya. Therefore, it allocates and focusing on branches with large customer activity. Therefore there are several positions lost due to business restructuring process.
Since its inception, Citi has made great efforts to allocate employee who lost his position to another position in the bank in accordance with their capabilities and experience. But for those who do not and have lost the position be offered early retirement (golden handshake).
Related to a settlement with the employee, it ensures that up to now has 99 percent of employees received this restructuring program (Golden Handshake program) very well.
As reported, the 100 employees who were laid off are starting from the first level to the head which all local workers. Currently, Citibank has 2,200 workers, both foreign and domestic.
The employee did not receive a bonus and leave allowance as promised though bound Collective Labour Agreement (CLA). One of the employees, Jauhar said he only received a bonus of Rp 2 million to Rp 3 million. In fact, it should at least one time salary, ranging from Rp 5 million to Rp 16 million. Employees who earn the full bonus only at the board of directors, executive vice president (EVP), and senior vice president (SVP).
But the Court has denied that it is only to compensate for it. "It is not true," he added.
It can ensure that everything is done in accordance with the provisions of the applicable legislation and the provisions stated in the contract of employment. Even Citi gave above provision.
It also ensures that Citi's strategy is long-term in Indonesia and Indonesia is an important market for Citi. "In fact, Indonesia is one of 16 priority developing countries where we will continue to invest in business, investing in employees, as well as investing in any opportunity that has the potential to business growth," he said.
Sources: http://bisniskeuangan.kompas.com/read/2013/01/28/08092836/