Share EY’s rejig report, demands PSU non-life insurance unions

Chennai: the employee unions in the public sector general insurance corporations have reiterated their demand for a copy of the ernst & young (ey) report on the restructuring of the 4 companies.

The companies are: The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited and United India Insurance Company Limited..

In line with girish khurana national convener, joint forum of trade unions and associations (jftu), the unions were given simplest the powerpoint presentation from general insurers’ (public sector) association of india (gipsa) and no longer the total ey’s report.

“Bullet points contained in PPT (powerpoint presentation) reveal no details and we are unable to submit our view-points and suggestions in the matter,” Khurana said in a letter to Suchita Gupta, Chairperson GIPSA and Chairman-cum-Managing Director, National Insurance.

“in the in the meantime, we find that the corporations are going beforehand with their movement plan implementation in haste with out taking the staff into self belief on these important troubles. Our management ought to admire the blessings of consensus and collective prudence instead of unilateral decisions,” he stated.

The personnel are agitated as the national insurance has started out imposing the key overall performance indicator (kpi) norms.

On thursday, personnel of national insurance held a demonstration in opposition to the implementation of kpis.

“You will kindly appreciate that such unilateral decisions are bound to vitiate the IR environment and may prove to be counter-productive,” Khurana told Gupta.