Tag: Voluntary Retirement Scheme

VRS offered to Ashok Leyland staff yet again

Ashok Leyland has decided to offer its employees a voluntary retirement scheme (VRS) for the second time. Last year, it had rolled out a...

SBI to recruit 14,000 employees, VRS was not a cost-cutting measure

The State Bank of India (SBI) on September 7 announced that it is planning to hire 14,000 employees during the current year and that the VRS...

Air India to offer VRS, to reduce employee cost and debt...

Air India employees who have been quite uncertain about their future for some time, may now seek voluntary retirement. This will allow the Government...

BSNL to pay out November salaries soon

State owned Bharat Sanchar Nigam (BSNL) is expected to to pay the November salaries of its employees soon, as conveyed by PK Purwar, chairman...

Cummings India announces VRS scheme to cut costs

Cummings India has launched a voluntary retirement scheme (VRS) for its employees as a cost-cutting measure. The scheme is applicable to all professional or exempt...

Telangana RTC to offer VRS, over 49,000 employees will retire by...

It is reported that more than 49,000 regional transport corporation (RTC) employees in Telangana will retire by 2055, as the state government of Telangana...

At least 70,000 BSNL employees opt for voluntary retirement

After suffering delayed salary payments for months, employees of the cash strapped Bharat Sanchar Nigam (BSNL) have welcomed the voluntary retirement scheme (VRS) with...

BSNL and MTNL roll out VRS scheme for employees

Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) have offered voluntary retirement schemes to its employees. Of BSNL’s 1.50 lakh strong workforce, almost...

Supreme Court verdict on right to VRS

VRS for government servants will require approval from the authority, and the Govt. will have the right to decline the same.

Tata Steel offers VRS with great benefits

The VRS scheme is targeted at the less-skilled employees who are unable to cope with the demands of digital initiatives.

SBI undergoes restructuring: Reduces staff by 6622 and redeploys 10000

The restructuring will save the bank Rs 1160 cr. every year

Top Cognizant executives accept VRS

The Company is attempting to increase its cost margins and revenue growth.

Volkswagen offers early retirement proposal

The move is a part of its initiative Transform 2025+, which aims at cutting the workforce and improving productivity.

Cognizant offers VRS to senior staff: Will cut costs and digitise...

Employees with over Rs 40 lakh in annual salaries or those at the director and senior VP level are being considered. 

Air India to stop post-retirement benefits on VRS

In order to discourage people from opting for VRS, the state –owned airline is getting rid of fringe benefits that come along with VRS.

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

50,000 employees subscribe to Capgemini’s ESOP

At least 50,000 employees from the 29 participating countries subscribed to Capgemini’s ninth annual employee stock ownership plan or ESOP. With an employee subscription...

Latest

Old Pension Scheme: Disgruntled Punjab govt staff hold massive protest rally

To express their dissatisfaction with the recently-released notification for the restoration of the old pension scheme (OPS), a rally was held in Punjab by...

Scrap 10+2 education format from next academic session: CBSE

As per the recommendation of the New Education Policy 2020 (NEP), the Central Board of Secondary Education (CBSE), will soon direct all CBSE-affiliated schools...

International students in Canada can work over 20 hours a week outside campus

Till 31 December 2023, international students in Canada will be allowed to take up work outside their campuses for over 20 hours a week....

TikTok to hire 3,000 engineers globally

TikTok, the short-form video platform is one of the rare companies that is still hiring at a time when the tech sector is laying...

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“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...