Tag: VRS
Air India’s non-flying staff can apply for VRS till 31 May
Air India’s non-flying staff can now apply for the voluntary retirement scheme or VRS till 31 May, 2023. Earlier, the deadline for applying was...
Employees offered VRS : Hero MotoCorp
On April 5, 2023, Hero MotoCorp, the manufacturer of two-wheelers, announced the introduction of a voluntary retirement scheme (VRS) for its employees. The VRS...
Air India launches second phase of VR scheme
Air India, which was acquired by the Tata group in January 2022, has announced a second round of voluntary retirement schemes (VRS) for its...
Will KSRTC resort to mandatory VRS to cut down salary expenses?
Close on the heels of a proposal to pay salaries in two instalments, the Kerala State Road Transport Corporation (KSRTC) is now reportedly considering...
Sanofi offers VRS to employees in India
French drugmaker Sanofi has announced a voluntary retirement scheme (VRS) for its employees at two manufacturing sites in Telangana, India. The sites, located in...
Introduction of VRS doesn’t automatically qualify employees for benefits
Recently, in a writ petition, the Delhi High Court ruled that just because the Voluntary Retirement Scheme (VRS) is introduced by an employer, it...
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...
What’re the HR software for small businesses, SMEs and startups?
Human resources (HR) software have come to be indispensable tools for businesses of all sizes, including small businesses, SMEs (small and medium-sized enterprises) and...
What’s inside this cloud company’s in-house happiness portal
ESDS Software Solutions, a cloud services and data centre solutions company, has innovatively embraced the notion of employee satisfaction through a unique survey platform,...
PARTNER POSTS
Future of talent acquisition in the age of generative AI
If you've been feeling a bit overwhelmed by the buzz surrounding generative AI, you're not alone. Let us face it, our industry is evolving,...
Innovation in insurance recruitment: Tata AIA’s journey towards high volume, top talent acquisition
Tata AIA Life is a joint venture between Tata Sons Pvt. Ltd and AIA Group. The venture merges Tata's leadership in India with AIA's...
EY UK faces job cuts amidst industry challenges
The Big Four firms (Deloitte, EY, KPMG, and PwC) are facing challenges such as increasing costs and less demand. EY in the UK is...
Latest
Tata Steel recognised for LGBT+ inclusivity efforts
Thanks to its solid commitment to LGBT+ inclusion, Tata Steel has been recognised as a Gold Employer for three years in a row. The...
Government introduces VRS for Group C employees
The state cabinet has sanctioned a voluntary retirement scheme (VRS) for Group C permanent employees of the state government. The scheme has been devised...
EY UK faces job cuts amidst industry challenges
The Big Four firms (Deloitte, EY, KPMG, and PwC) are facing challenges such as increasing costs and less demand. EY in the UK is...
TD Bank plans 3,000 job cuts
TD Bank Group, a Canadian multinational bank, announced plans to reduce its workforce by three per cent as part of a restructuring effort. The...
DIALOGUE
Data analytics and not technology will redefine HR
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A. It has been a bagful of mixed experiences. At times I have been...
EQ, IQ & empathy define the success of a CEO
Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...
“The big change has been that we have moved from jobs to skills,” Amaresh...
Q. How would you define the culture at GE?
A. Having been present in this region since 1902, GE has been around for 120 years....
