Cummings India has launched a voluntary retirement scheme (VRS) for its employees as a cost-cutting measure. The scheme is applicable…
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It is reported that more than 49,000 regional transport corporation (RTC) employees in Telangana will retire by 2055, as the…
After an unsuccessful attempt at offering a voluntary retirement scheme (VRS) to its employees in 2017, Tata Motors is again…
The employees of BSNL allege that they are being forced to opt for the voluntary retirement scheme (VRS) by the…
Telecom operator BSNL has announced all employees above the age of 50 will be eligible for retirement and they will…
After suffering delayed salary payments for months, employees of the cash strapped Bharat Sanchar Nigam (BSNL) have welcomed the voluntary…
Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) have offered voluntary retirement schemes to its employees. Of BSNL’s 1.50…
As part of the rescue plan to revive Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) the Governemnt has…
The employees of Air India, which is all set to get privatised, are afraid that once the airline is taken…
It is reported that in a bid to cut costs, the employees of Ashok Leyland have been offered certain separation…
The voluntary retirement scheme (VRS) being proposed by the telecom department may end up saving about Rs 1,080 crore in…
Following PTI’s decision to retrench 297 employees and the announcement of its compensation plan, the Federation of PTI Employees Union…
VRS for government servants will require approval from the authority, and the Govt. will have the right to decline the same.
The VRS scheme is targeted at the less-skilled employees who are unable to cope with the demands of digital initiatives.
Also, employees will only be eligible if they opt for the scheme within the period of opting for the same.
The Company is attempting to increase its cost margins and revenue growth.
Employees with over Rs 40 lakh in annual salaries or those at the director and senior VP level are being considered.
In order to discourage people from opting for VRS, the state –owned airline is getting rid of fringe benefits that come along with VRS.
All employees above 40 years of age and with over 10 years of service will be eligible for VRS.