Bhubaneswar, June 5 -- The State Bank of India (SBI) and National Aluminium Company Limited (NALCO) on Thursday signed a Memorandum of Understanding (MoU) to extend Corporate Salary Package (CSP) benefits to contractual workers engaged through contractors at NALCO, in a step towards enhancing employee welfare.
The initiative is expected to benefit around 9,000 contractual workers, bringing them under a range of banking and insurance benefits that were previously available primarily to permanent employees.
The MoU was signed by Ashish Kumar Mishra, Deputy General Manager (RCWM), SBI, and Asutosh Rath, Executive Director (HR), NALCO. The agreement was subsequently exchanged between Vandana Aggarwal, General Manager, Network-I, SBI, and Dr. ...