Tag: VRS
Air India offers VRS to 40+ employees
First time in its history, Air India has announced a Voluntary Retirement Scheme (VRS). HRKatha has access to a copy of the service regulation...
After accepting retirement benefits employee can’t withdraw VRS: Bombay HC
Bombay High Court has held that once an employee accepts retirement benefits from the employer, he or she cannot be reinstated or allowed to...
Honda Cars India closes plant, 1,300 employees take VRS
Honda Cars India (HCIL) has closed down its plant at Greater Noida considering the uncertainty prevailing in the market. In order to sustain its...
Golden handshake for 30,000 MSRTC employees aged 50+
Maharashtra State Road Transport Corporation (MSRTC) has sent out a circular to its employees offering an opportunity, to those aged 50+, to opt for...
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...
SBI plans to reduce average age of organisation, proposes VRS
The State Bank of India has suggested a voluntary retirement scheme (VRS) for those employees who do not get promoted after a certain position...
VRS offered to BPCL staff aged 45 and above
Bharat Petroleum Corporation (BPCL), which is amongst India’s largest oil refiners and fuel retailers, will soon be privatised. The Government is selling its entire...
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...
VRS for 1600 employees of Tata Motors
After an unsuccessful attempt at offering a voluntary retirement scheme (VRS) to its employees in 2017, Tata Motors is again offering VRS to 1600...
BSNL staff call for hunger strike against imposed VRS
The employees of BSNL allege that they are being forced to opt for the voluntary retirement scheme (VRS) by the management, and literally being...
BSNL VRS scheme: Highest payout at 90 lakhs
Telecom operator BSNL has announced all employees above the age of 50 will be eligible for retirement and they will be giving out lumpsum...
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...
BSNL and MTNL to be merged, Cabinet approves VRS package for...
As part of the rescue plan to revive Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) the Governemnt has decided to merge the...
Unsure of leave encashment, Air India staff proposes to collectively take...
The employees of Air India, which is all set to get privatised, are afraid that once the airline is taken over by a private...
Separation schemes announced for staff of Ashok Leyland
It is reported that in a bid to cut costs, the employees of Ashok Leyland have been offered certain separation schemes. The packages are...
MTNL to save crores through voluntary retirement scheme
The voluntary retirement scheme (VRS) being proposed by the telecom department may end up saving about Rs 1,080 crore in expenses, which would have...
PTI Employees Union files writ petition challenging ‘misleading’ compensation figures
Following PTI’s decision to retrench 297 employees and the announcement of its compensation plan, the Federation of PTI Employees Union has claimed the compensation...
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.
Bank employees who resign not entitled for VRS pension
Also, employees will only be eligible if they opt for the scheme within the period of opting for the same.
Top Cognizant executives accept VRS
The Company is attempting to increase its cost margins and revenue growth.
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.
The Hindu offers VRS to its employees
All employees above 40 years of age and with over 10 years of service will be eligible for VRS.
Is Morgan Stanley laying off 2% of its workforce?
Morgan Stanley may be laying off about two per cent of its workforce. If media reports are to be believed, of the more than...
Latest
Meghalaya cabinet approves mental health policy
To address the rising issues of mental health and social care, the Meghalaya cabinet approved a policy on 30 November through collaborative engagement with...
1 in 10 employees has experienced violence, harassment at work: Report
Almost one in ten people in employment has experienced physical violence and harassment at work in their working life. A survey wherein people were...
Hiring activity grows 27% in Nov., reaches pre-festive level: Report
The Indian job market bounced back to pre-festive levels in November. As per a leading job portal, the country’s premier job index emerged at...
J&K approves HR policy for Anganwadi women workers, helpers
The administrative council of Jammu and Kashmir has approved the HR policy for Anganwadi women workers and helpers, who are employed with the Integrated...
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