If any public sector bank gets privatised, then what will the situation of that bank's employees be? Shall they lose their job?

If any public sector bank gets privatised, then what will the situation of that bank's employees be? Shall they lose their job?

Nobody will lose a job

They will get an option to continue in the bank as a private sector bank employee or quit and get eligible amount

When UTI Bank became Axis Bank,nobody lost job

In IDBI Bank Ltd ,nobody lost job