The order was made after hearing of a writ filed by six officials of the bank
The High Court on Sunday stayed for one month the decision to cut salary of state-owned Basic Bank’s employees.
The bench of Justice M Enayetur Rahim and Justice Md Mostafizur Rahman came up with the order and also issued a rule asking why the original decision on the salary cut would not be considered illegal.
The order was made after hearing of a writ filed by six officials of the bank.
Advocate AM Amin Uddin, lawyer for the writ petitioners, confirmed the matter.
On December 22 last year, the state-run bank decided to slash the salary of its employees, citing consistent losses.
The decision was made by the bank’s board as part of its austerity measures and immediately issued a notice to inform the employees that their salary would be fixed as per the structure followed by other public banks.
“The bank has been facing losses for the last seven years. Against the backdrop, the lender is unable to bear additional salary and allowance,” the notice stated.