Commonwealth Bank's 2023 Workforce Composition: 1,146 Job Cuts Imminent
- A Small Font
- A Medium Font
- A Bigger Font
As many as 1,146 employees of PT Bank Commonwealth (PTBC) are threatened with termination of employment (PHK) after the bank was acquired by PT Bank OCBC NISP Tbk (NISP).
According to *Katadata*, Bank Commonwealth's Director of Human Resources, Bagus Harimawan, stated that the PHK decision will take effect from the effective date of the business merger, which is expected to occur on September 1, 2024. With this PHK decision, employees will receive PHK compensation in accordance with applicable laws and company regulations.
“Payment will be made at the latest one working day after the effective date of the PHK,” reads a circulating announcement, quoted Wednesday (July 24, 2024).
Before the effective date of the PHK, Bagus said, OCBC can offer employment to Bank Commonwealth employees to join OCBC. This will be effective from the PHK effective date.
Based on Bank Commonwealth's financial report, the total number of employees at the bank was 1,209. This is a 6.13% decrease from 2022, when there were 1,288 employees.
The composition in 2023 was: 141 officers; 188 assistant managers; 253 managers; 204 senior managers; 198 assistant vice presidents; 98 vice presidents; 74 senior vice presidents; and 14 executive vice presidents.
Lack of Transparency
Timboel Siregar, Secretary General of the All-Indonesian Workers Organization (OPSI), considers the PHK process to lack transparency. This is because the Bank Commonwealth Employees Union, affiliated with OPSI, was not involved in the PHK decision.
Employees were suddenly informed on November 16, 2023, that Bank Commonwealth would be acquired by PT Bank OCBC NISP.
"This lack of transparency has caused shock and anxiety among employees," Timboel told *Katadata* on Wednesday (July 24, 2024).
Furthermore, according to Timboel, there was no clarity or explanation regarding the continuity of employment, the fate, and the future of the employees at that time.
(See also: 27,000 Employees Laid Off Until May 2024, Most in Banten)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data