Air India’s non-flying staff can now apply for the voluntary retirement scheme or VRS till 31 May, 2023. Earlier, the…
Browsing: Voluntary Retirement Scheme
Ashok Leyland has decided to offer its employees a voluntary retirement scheme (VRS) for the second time. Last year, it…
The State Bank of India (SBI) on September 7 announced that it is planning to hire 14,000 employees during the current year…
Air India employees who have been quite uncertain about their future for some time, may now seek voluntary retirement. This…
State owned Bharat Sanchar Nigam (BSNL) is expected to to pay the November salaries of its employees soon, as conveyed…
Cummings India has launched a voluntary retirement scheme (VRS) for its employees as a cost-cutting measure. The scheme is applicable…
It is reported that more than 49,000 regional transport corporation (RTC) employees in Telangana will retire by 2055, as the…
After suffering delayed salary payments for months, employees of the cash strapped Bharat Sanchar Nigam (BSNL) have welcomed the voluntary…
Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) have offered voluntary retirement schemes to its employees. Of BSNL’s 1.50…
VRS for government servants will require approval from the authority, and the Govt. will have the right to decline the same.
The VRS scheme is targeted at the less-skilled employees who are unable to cope with the demands of digital initiatives.
The restructuring will save the bank Rs 1160 cr. every year
The Company is attempting to increase its cost margins and revenue growth.
The move is a part of its initiative Transform 2025+, which aims at cutting the workforce and improving productivity.
Employees with over Rs 40 lakh in annual salaries or those at the director and senior VP level are being considered.
In order to discourage people from opting for VRS, the state –owned airline is getting rid of fringe benefits that come along with VRS.