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SECOND VRS SCHEME
DoT to seek FinMin nod for second BSNL VRS, to cut workforce by 35%The Department of Telecommunications (DoT) plans to seek finance ministry approval for a second voluntary retirement scheme (VRS) at Bharat...- Ahead of Air India merger, Vistara offers VRS to ground staffThe full-service carrier, a 51:49 joint venture between the Tata Group and Singapore Airlines, is scheduled to merge into Air India by the ...
- Air India extends last date for employees to apply for voluntary retirement till May 31The airline, which was acquired by Tata Sons in January 2022, announced last year that the new owners would retain all employees for one ye...
- Air India rolls out second VRS, to cover 2,100 staffAccording to the VRS memo, a copy of which was seen by ET, permanent employees who are above 55 years of age or who have completed 20 years...
- After surviving pandemic, auto cos look to shed flabThe recovery since the lockdown has been swift in the passenger vehicle sector, but the market is still far from reaching the peak hit in 2...
- Honda Motorcycle & Scooter India floats voluntary retirement scheme to sustain operationsAccording to people in the know, HMSI Tuesday initiated the voluntary retirement scheme which is applicable to all permanent associates on ...
- SBI moots VRS scheme to optimise costs, about 30,000 employees eligibleBesides, the draft scheme, seen by , said it will provide an option and a respectable exit route to employees who have reached a level of s...
- BPCL offers voluntary retirement scheme to employees ahead of privatisation"The Corporation has decided to offer a Voluntary Retirement Scheme (VRS), with a view to enable employees, who are not in a position to co...
- Air India unions to demand voluntary retirement scheme in Monday meeting"Our members have been approaching us and want us to discuss a voluntary retirement scheme package with the government as it is expected th...
- Lack of 4G spectrum hits BSNL competitivenessBSNL Chairman Pravin Kumar Purwar says the cash strapped company is monetising land assets to improve revenue while cutting operational cos...
- BSNL to cut it workforce by half on voluntary basis after govt's approvalThe cash-strapped company is waiting for the govt to approve its much-awaited voluntary retirement scheme.
- Government plans lucrative VRS, 4G airwaves, debt reduction to revive state-controlled telcosVRS scheme for BSNL and MTNL would have a revenue impact of Rs 6,365 crore and Rs 2,120 crore, respectively, as per government estimates.
- Mapping the market: Kotak almost pipped ICICI, sugar stocks had a field dayThe domestic equity market is sinking, and someone on Dalal Street said on Monday that the best thing to do now was probably book profit wh...
- Telecom Commission recommends VRS for MTNL employeesThe Telecom Commission, highest decision making body of the telecom ministry, has approved a proposal to provide voluntary retirement schem...
- Axis Bank offers early retirement to executives aged over 40 yearsAxis Bank has about 45,000 employees aged 30 years on average. The private lender plans to hire around 7,000 executives by the end of March...
- Axis Bank plans VRS to cut flab at topThe bank plans to roll out an early retirement scheme for senior employees aged 40 or more, who have been with the lender for 10 years or l...
- The Central Bank of India loses Rs 5.33 lakh to avoid paying 9.5 lakh retirement benefit to employeeThe Bombay High Court and the Supreme Court have ruled that Homai Darayas Postwala, an officer in the investment department was entitled to...
- Delta shuts in-flight operations in IndiaEven as the Atlanta-based Delta becomes the first American airline to fly non-stop between Mumbai and New York, it has decided to wind up i...
- IFCI extends VRS tenureIFCI has decided to extend the tenure of its voluntary retirement scheme (VRS) till April 10, as the scheme has failed to elicit the expect...
- IBA backs second special VRS for bank employeesThe Indian Banks' Association (IBA) has favoured a second special Voluntary Retirement Scheme for bank employees. Dalbir Singh, chairman, I...
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