News for 'voluntary-retirement-scheme'

Owaisi draws parallel between Tirupati and Waqf boards

Owaisi draws parallel between Tirupati and Waqf boards

Rediff.com2 Nov 2024

The new TTD chief said all those who work at Tirumala should be Hindus.

Tirupati temple board removes 18 non-Hindu employees

Tirupati temple board removes 18 non-Hindu employees

Rediff.com6 Feb 2025

The Tirumala Tirupati Devasthanams (TTD), the custodian of Lord Venkateswara Swamy temple, has barred 18 employees from participating in all religious activities for allegedly partaking in non-Hindu activities. The decision has been defended by the Andhra Pradesh government, citing the need to protect the religious sentiments of Hindu devotees. The move has sparked debate, with some supporting the TTD's stance and others criticizing it as discriminatory.

Air India sacks over 180 non-flying staff

Air India sacks over 180 non-flying staff

Rediff.com15 Mar 2024

Air India has laid off more than 180 non-flying staff in recent weeks, sources said while the airline maintained that the affected people were not able to utilise the voluntary retirement schemes and reskilling opportunities. The loss-making Air India was taken over by the Tata Group in January 2022 and since then, efforts are being made to streamline the business model. An Air India spokesperson on Friday said that as part of the fitment process, employees in non-flying functions have been assigned roles based on organisational needs and individual merit.

Vistara-Air India merger: How these two distinct brands will blend

Vistara-Air India merger: How these two distinct brands will blend

Rediff.com4 Nov 2024

In about a fortnight, Vistara - known for its premium service - will take off on its final flight before merging into the legacy of Air India. Set for November 12, the merger has sparked discussions on how these two distinct brands will blend.

After Air India, Vistara announces VRS for permanent ground staff

After Air India, Vistara announces VRS for permanent ground staff

Rediff.com30 Jul 2024

Indian carrier Vistara on Monday announced voluntary retirement scheme (VRS) and voluntary separation scheme (VSS) for its permanent ground staff ahead of its merger with Air India, which had announced similar plans for its non-flying permanent staff two weeks ago.

Air India extends VRS offer for non-flying staff till May 31

Air India extends VRS offer for non-flying staff till May 31

Rediff.com8 May 2023

Tata Group-owned Air India has extended the deadline for non-flying staff to apply for the Voluntary Retirement Scheme (VRS) till May 31. The deadline for applying for the VRS, which was announced in April, ended on April 30. "Last date to apply for voluntary retirement for all the eligible employees has been extended till May 31," Air India Chief Human Resources Officer Suresh Dutt Tripathi said in an internal communication on Monday.

Air India offers VRS in first move to prune headcount

Air India offers VRS in first move to prune headcount

Rediff.com2 Jun 2022

Tata-owned Air India has launched a Voluntary Retirement Scheme (VRS) for its employees- in the airline's first drive to reduce headcount. The salt-to-steel conglomerate acquired the carrier last year. As of November 2019, the airline had 9,426 permanent employees.

Why BJP leaders will fight on JD-S ticket in Karnataka

Why BJP leaders will fight on JD-S ticket in Karnataka

Rediff.com12 Mar 2024

This strategy was discussed when Union Home Minister Amit Shah recently visited Mysuru to discuss the BJP's Lok Sabha plan, reports Aditi Phadnis.

Railways sacked 1 'non-performer' every 3 days since July 2021

Railways sacked 1 'non-performer' every 3 days since July 2021

Rediff.com24 Nov 2022

Ashwini Vaishnaw has repeatedly warned officials "to take VRS and sit at home" if they did not perform.

Air India to launch new flights to New York, Paris, Frankfurt

Air India to launch new flights to New York, Paris, Frankfurt

Rediff.com23 Nov 2022

Tata Group-owned Air India on Wednesday announced the launch of new flights connecting Mumbai with New York, Paris and Frankfurt, starting February next year. Besides, the full-service carrier also announced the resumption of non-stop flights connecting Delhi with Copenhagen, Milan and Vienna. The Mumbai-New York (JFK International Airport) daily service will commence from February 14 next year, Air India said.

Tax sop aimed at popularising VRS

Tax sop aimed at popularising VRS

Rediff.com3 Mar 2003

Hero MotoCorp offers VRS, eyes leaner organisation

Hero MotoCorp offers VRS, eyes leaner organisation

Rediff.com7 Apr 2023

With a new chief executive officer (CEO) at the helm, the country's largest two-wheeler maker Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'. Recently, the company's erstwhile chief financial officer (CFO) Niranjan Gupta was elevated as CEO.

In 75th year of Independence, govt may shut down British India Corp

In 75th year of Independence, govt may shut down British India Corp

Rediff.com17 Aug 2022

Once the iconic red-brick building of British India Corporation (BICL), which manufactured the popular "Lal-Imli" brand of woollen products, made Cawnpore (now Kanpur) the Manchester of the East. In the 75th year of independence, the government may finally pull the curtains on the century-old, now defunct public sector enterprise. "The Department of Public Enterprises (DPE) has floated a draft cabinet note for closure of British India Corporation (BICL) along with National Textiles Corporation (NTC). "The Cabinet may soon tak

Cabin crew, guards among 1,600 Air India employees opting for VRS

Cabin crew, guards among 1,600 Air India employees opting for VRS

Rediff.com1 Jul 2022

More than 1,600 employees of Air India, the former state-run carrier now owned by the Tata group, have opted for voluntary retirement under a scheme announced on June 1. These employees comprise 22 per cent of permanent staff (around 7,000). The airline has a total employee strength of around 10,800, including those on contract.

All about senior citizens savings scheme

All about senior citizens savings scheme

Rediff.com20 Aug 2004

The scheme is available for citizens above 60 years of age; however a provision has been put in place for individuals who have crossed 55 years of age. Such individuals may invest subject to the conditions that,

BPCL offers employees golden handshake ahead of privatisation

BPCL offers employees golden handshake ahead of privatisation

Rediff.com26 Jul 2020

"The Corporation has decided to offer a voluntary retirement scheme, with a view to enable employees who are not in a position to continue in service of the Corporation due to various personal reasons, to request for grant of voluntary retirement from the services of the Corporation," Bharat Petroleum Corp Ltd (BPCL) said in an internal notice to its employees.

Maruti cuts 1,251 workers through VRS

Maruti cuts 1,251 workers through VRS

Rediff.com22 Dec 2003

Maruti Udyog Ltd, India's biggest carmaker, on Monday said its 1,251 employees have recently opted for voluntary retirement scheme.\n\n\n\n

AAP victory is Kejriwal's gift to wife on birthday

AAP victory is Kejriwal's gift to wife on birthday

Rediff.com11 Feb 2020

The counting of votes in Delhi election 2020 is currently underway. Early trends suggest that Aam Aadmi Party is on course to a victory. The victory is befitting as February 11 -- is also Kejriwal's wife Sunita's birthday.

GM Halol workers continue to protest even after plant shuts down

GM Halol workers continue to protest even after plant shuts down

Rediff.com2 May 2017

The contractual workers at Halol were severed by 2016 as the contracts were not renewed, while the permanent workers were offered a separation package in the form of a voluntary retirement scheme

BSNL rolls out VRS, hopes to cut workforce by half

BSNL rolls out VRS, hopes to cut workforce by half

Rediff.com6 Nov 2019

BSNL Chairman and Managing Director P K Purwar told PTI that the scheme will be open between November 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.

Alkyl Amines Chem offers VRS

Alkyl Amines Chem offers VRS

Rediff.com25 Jan 2003

Alkyl Amines Chemicals Ltd announced voluntary retirement scheme to employees at Patalganga plant and Vashi and Worli offices.

'BSNL aims to save Rs 1,300 crore in FY20'

'BSNL aims to save Rs 1,300 crore in FY20'

Rediff.com17 Dec 2019

State-owned Bharat Sanchar Nigam Ltd (BSNL) said on Tuesday that as many as 78,569 employees have opted for VRS, and added that it expects to save Rs 1,300 crore in wage bills this fiscal after the scheme becomes effective in January.

Maha IPS officer quits over 'communal' CAB

Maha IPS officer quits over 'communal' CAB

Rediff.com12 Dec 2019

Abdur Rahman, posted as special IGP in Mumbai, has sad that he won't attend office from Thursday in protest against 'blatantly communal and unconstitutional' CAB.

Tata Motors offers VRS to improve balance sheet

Tata Motors offers VRS to improve balance sheet

Rediff.com23 Jan 2014

A company spokesperson said VRS is and will be offered to 'white-collar workers only'. Tata Motors employs around 30,000 people.

'You may get IT department notice if...'

'You may get IT department notice if...'

Rediff.com10 Jan 2023

Anil Rego, CEO, Right Horizons, answers your personal income tax queries.

Mamata's makeover plans for Bengal transport

Mamata's makeover plans for Bengal transport

Rediff.com30 Apr 2012

To put in place an effective and economically vibrant transport system by this September, the West Bengal government is contemplating voluntary retirement scheme to shed out willing and physically unfit employees.

Adidas may open old accounts to probe India irregularities

Adidas may open old accounts to probe India irregularities

Rediff.com14 Aug 2012

Reebok's staff to get voluntary retirement option, stores may be reduced by a third.

Air India's plan to trim workforce stuck with FinMin

Air India's plan to trim workforce stuck with FinMin

Rediff.com20 May 2013

This means only about 8000 employees will be left with the carrier over the next five years.

Pfizer reduces field staff base in India

Pfizer reduces field staff base in India

Rediff.com16 Apr 2013

Employees allege forcible layoffs; firm says ensuring it "best maximises performance and optimises resources"

Analysts give thumbs down to BSNL-MTNL meger

Analysts give thumbs down to BSNL-MTNL meger

Rediff.com24 Oct 2019

'The announcement has come too late. This should have been done years ago.'

BSNL-staff talks fail; one-day strike on Dec 15

BSNL-staff talks fail; one-day strike on Dec 15

Rediff.com13 Dec 2011

The JAC has been continuously pressuring the BSNL management to procure mobile lines and other equipment to enable the company to provide better service to the people.

TTK Prestige files petition

TTK Prestige files petition

Rediff.com10 Feb 2003

TTK Prestige Ltd filed a petition at Karnataka High Court for utilising up to Rs 196.30 million from the securities premium account to write off expenses on account of voluntary retirement scheme and product development.

Air India staff to be provided ESOP option

Air India staff to be provided ESOP option

Rediff.com29 Mar 2018

The government is betting on the fact that it will be conducive for the new owner to give voluntary retirement scheme

'Air India's VRS offer may be too ambitious'

'Air India's VRS offer may be too ambitious'

Rediff.com17 Jul 2012

Air India's hopes of slashing 5,000 jobs through a voluntary retirement scheme (VRS) may be too ambitious, say experts and union leaders. The airline would need about Rs 700 crore to put the offer together, and it is yet to secure the finance ministry's approval for this.

BSNL submits VRS proposal to Telecom Ministry

BSNL submits VRS proposal to Telecom Ministry

Rediff.com30 Nov 2011

The employees, who will avail the VRS, would get an ex-gratia amount of 60 days salary (basic + dearness allowance) for each completed year of service, or salary for the number of months left in the service, whichever is less.

BSNL should reduce its staff: Pitroda panel

BSNL should reduce its staff: Pitroda panel

Rediff.com4 Mar 2010

A committee headed by Sam Pitroda, advisor to the Prime Minister, has suggested that state-run telecom major Bharat Sanchar Nigam Ltd should retire or transfer about 100,000 of its employees through measures such as a voluntary retirement scheme. This is a third of BSNL's total employee strength, of 300,000 across the country.To improve organisational performance and employee productivity substantially, BSNL should induct young talent in all spaces.

Mamata nods power tariff hike, mulls VRS for transport staff

Mamata nods power tariff hike, mulls VRS for transport staff

Rediff.com23 Apr 2012

According to an official in the state power department, the government has given nod to the West Bengal State Electricity Distribution Company to approach the West Bengal Electricity Regulatory Commission for a further tariff hike and a proposal has been moved in this regard

Honda's scooter sales back in the fast lane after a steep decline

Honda's scooter sales back in the fast lane after a steep decline

Rediff.com9 Mar 2021

The local arm of the Japanese two-wheeler manufacturer accounts for every second scooter sold in India.