However, despite these developments, the traditional channel of communicating through unions continues to be relevant as employees attribute greater credibility and reliability to messages received through their unions. The Banks have a clear cut advantage in this respect – they already have a participative process.
Representatives of the employees sit on the Board itself and hence, it requires better practice of participative management in the real sense of the term. (d)  Managing people separation / exit:  Except maybe a last few years, so far most of the people leaving us were due to retirements.