Oct 08, 2021 07:07 PM IST
The Tata Group will have the option to offer employees of Air India a voluntary retirement scheme if they look to retrench employees after this period.
- Aug 18, 2021 04:30 PM IST
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.
- Jun 18, 2021 02:15 PM IST
Nearly a half of BSNL employees and 80 percent of MTNL employees took the VRS option in 2019.
- Jan 03, 2021 07:09 PM IST
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.
- Sep 02, 2020 10:04 PM IST
If 30 percent of the eligible employees opt for the new scheme, the bank expects net savings of around Rs 2,170.85 crore
- Mar 31, 2020 07:25 AM IST
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.
- Mar 18, 2020 10:27 AM IST
The government has decided to give out ex-gratia payment for only 40 months
- Dec 17, 2019 04:05 PM IST
"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.
- Nov 28, 2019 02:05 PM IST
The scheme will be offered to employees of different departments, across its businesses of passenger and commercial vehicles, sources said
- Nov 25, 2019 08:27 AM IST
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
- Jul 04, 2019 09:21 AM IST
It’s time for the government to cut its losses
- Jul 03, 2017 12:34 PM IST
Reduction in the retirement age will automatically bring down the number of people eligible for VRS and hence save the government some cash
- Apr 07, 2017 03:16 PM IST
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.
- Mar 23, 2017 04:04 PM IST
- Mar 14, 2017 02:10 PM IST
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.
- Feb 17, 2017 04:02 PM IST
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.
- Dec 28, 2016 06:22 PM IST
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.
- Jul 06, 2016 06:14 PM IST
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
- Apr 27, 2016 01:36 PM IST
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.
- Dec 17, 2015 08:59 PM IST
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.
- Sep 05, 2015 03:14 PM IST
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
- Jul 15, 2015 08:49 PM IST
Pharmaceutical firm Pfizer says no impact will be felt on product supply due to closure of the plant.
- Feb 27, 2015 07:12 PM IST
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.
- Oct 09, 2014 12:54 PM IST
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.
- Jan 31, 2014 10:56 PM IST
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.