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.

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,”...

Shell earns bumper profits, gives 8% bonus to staff

There is much reason for the 82,000-strong workforce of Shell to rejoice. The energy company has witnessed record profits, and has decided to give...

Latest

How to keep existing employees engaged amidst mass layoffs

Globally, layoffs are happening in every other company. The fear of recession has caused many big brands such as Microsoft, Google, Tesla, Twitter, Netflix...

Google expects staff to work harder

With fears of recession and revenue growth slowing down, Google expects its employees to work harder and be more productive. While several organisations have resorted...

Skill India to upskill 75,000 workers in NDMC via RPL programme

The National Skill Development Corporation (NSDC), knowledge partner of the Ministry of Skill Development and Entrepreneurship (MSDE), has launched a project to recognise the...

Women form 36.1% of Wipro’s workforce, 22.2% of board of directors

That Wipro is serious about its mission to make the organisation diverse and inclusive in every sense of the word is clear from the...

DIALOGUE

“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....

“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...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...