Sberbank Won’t Save Personnel
Sberbank President German Gref has informed the staff about impending reduction, blaming the inevitable dismissal on the need to improve business efficiency rather than on financial crisis.
Sberbank’s intention to dismiss each fourth employee in the following five years was first spelled out in the five-year strategy that the Supervisory Board approved in October. According to the strategy, Sberbank won’t employ more than 200,000 to 220,000 in 2013 vs. 270,000 today.
Despite the long-run prospects for such dismissal, Sberbank President German Gref informed subordinates about forthcoming reduction in the latest monthly address.
In an effort to remain “the backbone of Russia’s financial system in the eyes of the clients, employees and society,” Sberbank is willing not only to introduce a new production system but also to upgrade the system of the bank employees’ development. One of the provisions of the latter is exactly the redundancy. “Nowadays, Sberbank makes up for it professional and technological retardation from competitors by engaging more employees in the same transactions,” Gref explained, adding that it weakens the bank vs. the competitors.
Sberbank is Russia’s biggest bank with the capital of 741.9 billion ruble and the asset worth of 5,606.9 billion ruble (as of July 1, 2008). The Central Bank of Russia (CBR) is its founder and principal owner (over 60 percent of voting stocks). It keeps 50.2 percent of all individual deposits and covers 41 percent of the corporate crediting sector. Sberbank has 20,383 branches and employs 1 percent of working women in Russia.
www.kommersant.com
All the Article in Russian as of Nov. 07, 2008
|
