Voluntary Retirement Scheme
Source:DomainB - Commercial vehicles major Ashok Leyland on Friday announced a voluntary retirement scheme (VRS) for executive-level staff in a bid to reduce costs and align fixed costs to reduced activity levels amidst the continuing slowdown in the automobile industry. The move comes after
4.03 PM Nov 11th
its plant to Ambernath would help the company save Rs. 17-18 crore in octroi every year. However, Ceat is yet to finalise its plans to build a plant in Ambernath. Ceat has, over the years, offered the voluntary retirement scheme (VRS) option to many workers in Bhandup. Ceat`s third quarter profit
10.38 PM Sep 11th
The company recorded top line growth of 14% over the previous quarter. Nearly nil bottom line is explained by the following note appearing in the company`s results “The company has implemented a voluntary retirement scheme at its Navi Mumbai Plant. The compensation paid under the said scheme
8.05 PM Jul 30th
Insilco has opened the Voluntary Retirement Scheme (VRS): 2013 ('VRS') for all its permanent Executives and Workers who have completed 10 years of their service with the Company or completed 40 years of age. The offer to opt for Voluntary Retirement shall remain open from June 17, 2013 to June 26
11.52 AM Jun 17th
Godfrey Phillips India at its meeting held on May 29, 2013, took note of the recent settlement made by the Company with 236 unionized staff and workmen attached to its plant at Andheri, Mumbai, pursuant to the voluntary retirement schemes announced by it.
12.24 PM May 30th
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