Tag: VRS

Finance Department urges quick VRS approvals to save money

The Kerala state government has instructed department heads to quickly deal with requests for voluntary retirement. If there is delay, and if the delay...

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...

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
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Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Singapore government modifies foreign worker policy

The Ministry of Manpower (MOM), Singapore has modified the foreign worker policy. As per the modifications, the minimum qualifying salary for foreign workers to...

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Morning breaks matter: Spain’s Supreme Court upholds labour rights

In a recent ruling, the Supreme Court of Spain declared that the duration of a morning coffee break and the time employees take to...

KSRTC releases Rs 84 crores for DA arrears & benefits

The Karnataka State Road Transport Corporation (KSRTC) has disbursed Rs 84 crores to settle outstanding dues of its staff. The announcement made on Saturday,...

Employees on edge as layoff rumours spread at Paytm

As a part of its annual appraisal cycle, Paytm is reportedly considering a significant reduction in its workforce. The platform is said to be...

Assam government employees to face fine for delays

Chief Minister Himanta Biswa Sarma, has announced a significant overhaul of Assam's governance, with stringent measures against delays in processing people's applications. A dedicated...

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EQ, IQ & empathy define the success of a CEO

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