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VRS RETIREMENT SCHEME
Hero MotoCorp initiates voluntary retirement scheme (VRS) for all staffThe VRS has been designed in line with the vision to make the organization ‘agile’ and ‘future-ready’, consolidating roles and reducing lay...06 Apr, 2023, 11.45 AM IST- Tata Motors offers its third VRS scheme in four years as part of its ongoing cost restructuring exerciseThee VRS scheme will be the third round of VRS offered by the company in four years. Tata Motors has a total of 42,597 employees and about ...11 Dec, 2020, 09.50 PM IST
- 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...06 Sep, 2020, 06.52 PM IST
- Nearly 75,000 BSNL employees have opted for VRS so far: ChairmanThe 'BSNL Voluntary Retirement Scheme - 2019' that was rolled out last week, will remain open till December 3. BSNL is looking at savings o...14 Nov, 2019, 10.44 PM IST
- Nearly 70,000 BSNL employees opted for VRS so far: ChairmanBSNL Voluntary Retirement Scheme - 2019' was rolled out last week. According to the scheme, all regular and permanent employees of BSNL inc...11 Nov, 2019, 04.58 PM IST
- BSNL mulls biz continuity measures as VRS plan rolls out in full swing; talks on with DoTNearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of about 1.50 lakh.10 Nov, 2019, 07.20 PM IST
- VRS package may save Rs 1,080 crore in annual salary tab: MTNL chiefImplementation of VRS is expected to lower expenses of the firms and provide them the much-needed liquidity.24 Apr, 2019, 02.32 PM IST
- Govt plans Rs 8,500 crore VRS for MTNL, BSNLGovt is planning a Rs 8,500 crore VRS for BSNL and MTNL to reduce large pool of their ageing manpower.22 Feb, 2019, 08.12 PM IST
- Cabinet okays improved VRS for Hooghly Dock & Port employeesImplementation of the new VRS package would substantially reduce the manpower of HDPEL and would help in downsizing.16 Sep, 2015, 06.28 PM IST
- VRS opting employees can't be on same footing as others: SCSC said the employees, who took VRS, are not entitled to enhanced pensionery benefits which are being given to others with retrospective ef...07 Jan, 2015, 08.38 PM IST
- Employees can't claim VRS benefit as matter of right: Supreme CourtNo employee, as a matter of right, can seek the benefits of voluntary retirement scheme.04 Jul, 2013, 06.04 PM IST
- 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...18 Sep, 2011, 10.34 AM IST
- Employee has no automatic right for availing VRS: SCA government employee cannot derive an automatic right for availing a voluntary retirement scheme (VRS) merely because he was initially giv...27 Apr, 2008, 10.48 AM IST
- VRS is not a dirty word anymoreThe corporate scene in India today is completely different from what it was a decade or so ago.11 Dec, 2006, 04.10 AM IST
- State Bank officials rush to exit before door slams shutA number of senior officials from State Bank of India (SBI) are actively considering early retirement.09 Aug, 2006, 02.08 AM IST
- RBI Staff Get VRS definition wrong, face taxing timeWhat's in a name? A lot in the three-letter word VRS. By any other name, the benefits that come with a VRS will not be there.01 Feb, 2005, 02.37 AM IST
- More pains than gains in bonanza for VRS takersHere's some bad news for those who were celebrating that VRS takers above 55 will be eligible for the senior citizen scheme.11 Aug, 2004, 02.06 AM IST
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