Axis Bank has unveiled its plan regarding the early retirement offer for its employees. The bank will offer an early retirement to its executives who are at the level of vice-president or above.
Axis Bank has about 45,000 employees aged 30 years on average. The bank is planning to add up 7000 new executives by the end of this fiscal year. The banks are trying to bring this early retirement measure to recruit more of the young and fresh employees. . The bank had floated a similar offer in 2013, but the bank doesn’t receive a good response. Axis bank is the first one to come up with such a decision.