Moneycontrol PRO
you are here: HomeNewsVrs
Jump to
27 Results Found
  • Central PSUs are increasingly hiring casual workers as regular employee numbers fall Aug 18, 2021 04:30 PM IST

    Central PSUs are increasingly hiring casual workers as regular employee numbers fall

    The share of non-permanent workers and employees in CPSEs has rapidly increased since 2015-16 as more and more employees on the rolls seek VRS.

  • BSNL, MTNL may 'rehire' retired employees to fix staff shortage after VRS: Report Jun 18, 2021 02:15 PM IST

    BSNL, MTNL may 'rehire' retired employees to fix staff shortage after VRS: Report

    Nearly a half of BSNL employees and 80 percent of MTNL employees took the VRS option in 2019.

  • Commerce Ministry seeks financial support from FinMin for VRS scheme of MMTC Jan 03, 2021 07:09 PM IST

    Commerce Ministry seeks financial support from FinMin for VRS scheme of MMTC

    According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry.

  • SBI introduces new voluntary retirement scheme Sep 02, 2020 10:04 PM IST

    SBI introduces new voluntary retirement scheme

    If 30 percent of the eligible employees opt for the new scheme, the bank expects net savings of around Rs 2,170.85 crore

  • BSNL, MTNL release over Rs 10,000cr for VRS employees Mar 31, 2020 07:25 AM IST

    BSNL, MTNL release over Rs 10,000cr for VRS employees

    A total of 78,569 employees of BSNL and 14,387 staffers of MTNL have opted for the voluntary retirement scheme (VRS) which closed on December 3, 2019.

  • 93,000 retired MTNL, BSNL staff to get ex-gratia plus pension pay-out under VRS: Report Mar 18, 2020 10:27 AM IST

    93,000 retired MTNL, BSNL staff to get ex-gratia plus pension pay-out under VRS: Report

    The government has decided to give out ex-gratia payment for only 40 months

  • BSNL eyes Rs 1,300cr savings this fiscal after VRS becomes effective: CMD Dec 17, 2019 04:05 PM IST

    BSNL eyes Rs 1,300cr savings this fiscal after VRS becomes effective: CMD

    "On the VRS (voluntary retirement scheme), on January 31, 2020, it will be effective. Our goal is that people who have applied for VRS, their application should be considered and approved..." BSNL Chairman and Managing Director P K Purwar told reporters.

  • Slowdown forces aggressive cost cuts at Tata Motors, co may offer VRS to 1,600 employees Nov 28, 2019 02:05 PM IST

    Slowdown forces aggressive cost cuts at Tata Motors, co may offer VRS to 1,600 employees

    The scheme will be offered to employees of different departments, across its businesses of passenger and commercial vehicles, sources said

  • BSNL employees unions call for hunger strike today Nov 25, 2019 08:27 AM IST

    BSNL employees unions call for hunger strike today

    All India Unions and Associations of Bharat Sanchar Nigam Limited (AUAB) Convenor P Abhimanyu said the management is threatening employees with reduction in the retirement age to 58 years and far away postings if the employees don't opt for VRS

  • Government dials wrong number in bailing out PSU telecom giants Jul 04, 2019 09:21 AM IST

    Government dials wrong number in bailing out PSU telecom giants

    It’s time for the government to cut its losses

  • DoT tells MTNL to cut retirement age to 58 before seeking VRS support Jul 03, 2017 12:34 PM IST

    DoT tells MTNL to cut retirement age to 58 before seeking VRS support

    Reduction in the retirement age will automatically bring down the number of people eligible for VRS and hence save the government some cash

  • VRS at sick public sector cos likely to gain pace after Modi govt sweetened offer Apr 07, 2017 03:16 PM IST

    VRS at sick public sector cos likely to gain pace after Modi govt sweetened offer

    In a bid to speed up the process of closing down sick central public sector enterprises (CPSEs), Modi government has sweetened the package for employees opting for Voluntary Retirement Scheme (VRS) by giving them attractive compensation at 2007 notional pay scale.

  • Wanted: A kiss of life for these unloved, dying PSUs Mar 23, 2017 04:04 PM IST

    Wanted: A kiss of life for these unloved, dying PSUs

  • Tata Motors launches VRS scheme for 500 execs: Srcs Mar 14, 2017 02:10 PM IST

    Tata Motors launches VRS scheme for 500 execs: Srcs

    Tata Motors, largest manufacturer in the Indian automotive industry, is planning a big organisational restructuring, according to sources. The company will launch VRS scheme for those employees who wouldn't be absorbed in the new management.

  • Ahead of merger, SBI arms to offer voluntary retirement to staff Feb 17, 2017 04:02 PM IST

    Ahead of merger, SBI arms to offer voluntary retirement to staff

    State Bank of India‘s (SBI) five associate banks will offer voluntary retirement schemes (VRS) for their employees before the date from which the merger will be effective. The date for the merger is yet to be notified.

  • Cabinet approves sale of surplus land of 4 pharma PSUs Dec 28, 2016 06:22 PM IST

    Cabinet approves sale of surplus land of 4 pharma PSUs

    Government today approved sale of surplus land of four pharmaceutical public sector undertakings to meet their outstanding liabilities, after which steps to close two units will be taken up.

  • Restructuring two-wheeler biz, 250 workers given VRS: Mahindra Jul 06, 2016 06:14 PM IST

    Restructuring two-wheeler biz, 250 workers given VRS: Mahindra

    Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet its expectations and has given voluntary retirement scheme to 250 workers as part of the process.

  • Expect operational profits by next fiscal year: MTNL Apr 27, 2016 01:36 PM IST

    Expect operational profits by next fiscal year: MTNL

    High salary and interest costs have hurt MTNL. It plans to cut salary costs by coming up with a Voluntary Retirement Scheme (VRS), says NK Yadav, CMD, MTNL.

  • Govt likely to shut down 3 HMT units, Tungabhadra Steel Dec 17, 2015 08:59 PM IST

    Govt likely to shut down 3 HMT units, Tungabhadra Steel

    Moving closer to shutting down five ailing PSUs, the government today said it has submitted closure proposals related to four companies including three HMT units and Tungabhadra Steel to CCEA for approval.

  • Govt implements OROP; will cost exchequer Rs 8-10k cr Sep 05, 2015 03:14 PM IST

    Govt implements OROP; will cost exchequer Rs 8-10k cr

    One Rank One Pension will be effective from July 1, 2014, while the base year will be 2013. Pension will be revised every five years

  • Plant shutdown will not impact product supply, says Pfizer Jul 15, 2015 08:49 PM IST

    Plant shutdown will not impact product supply, says Pfizer

    Pharmaceutical firm Pfizer says no impact will be felt on product supply due to closure of the plant.

  • Tata Motors' offers VRS to workers Feb 27, 2015 07:12 PM IST

    Tata Motors' offers VRS to workers

    The firm‘s domestic business has been under pressure for a while now. In the third quarter, it posted a loss of over Rs 2,100 crore on a standalone basis.

  • Escorts implements VRS; 350 employees leave company Oct 09, 2014 12:54 PM IST

    Escorts implements VRS; 350 employees leave company

    The exercise will cost around Rs 30 crore and will have a payback of two years. The one time impact will be reflected in the company's Q2 results, it said.

  • Govt to save BSNL; monetising PSUs land bank on agenda too Jan 31, 2014 10:56 PM IST

    Govt to save BSNL; monetising PSUs land bank on agenda too

    The other big reform for BSNLs revival, which incurred about Rs 7,000 crore of losses in the last fiscal will be to allow it to monetise land banks.

  • Tata Motors to offer VRS to section of employees Jan 22, 2014 09:03 PM IST

    Tata Motors to offer VRS to section of employees

    "The industry as well as India is going through a rather protracted downturn. Therefore, there are lots of things out there to enable us, ensure our structure is suitable. Voluntary retirement scheme (VRS) allows those people to move on with our support," Tata Motors Managing Director Karl Slym told.

Sections
ISO 27001 - BSI Assurance Mark