The logo of AB Bank is seen in this file photo CollectedThe termination of AB Bank employees came at a time when five banks have slashed salaries in a bid to reduce costsAt least 80 employees of AB Bank Ltd have been reportedly terminated or forced to resign recently amid the Covid-19 pandemic on the grounds of unsatisfactory performances. "Please note that on termination you will be paid all dues as per AB Bank staff service rules," reads the letter seen by Dhaka Tribune. AB Bank's termination benefits include three months' basic salary. The termination of AB Bank employees came at a time when five banks have slashed salaries in a bid to reduce operating costs amid the pandemic. The AB Bank top official said the move was taken as there was no other option to “protect the public’s money”.

Source: Dhaka Tribune July 11, 2020 17:37 UTC