Fifteen employees' unions of state-run telecom behemoth BSNL on Wednesday threatened to go on agitation against the Sam Pitroda panel's recommendations for the company's listing, massive voluntary retirement scheme and scrapping of its Rs 35,000 crore (Rs 350 billion) expansion plans.
The scheme will be offered to 15,000 employees, or one-third of the workforce, in the current financial year.
Beset with problems of poor training and amenities, the Central Reserve Police Force saw over 90 of its field commanders either resigning or taking voluntary retirement over the last four years.
The tribunal passed the order while hearing a bunch of petitions from the employees of Delhi Transport Corporation, seeking pension from the corporation which was denied to them after they had opted for VRS between 1993 and 1995.
Public sector units, which saw a reduction in their head count in 2008-09 due to voluntary retirement schemes, have started hiring again and may return to the 2007-08 level of 15.66 lakh (1.566 million) employees this fiscal, a senior official said.
The EoI and the share purchase agreement would be issued in January itself for the bidders. While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
The Maruti Udyog Ltd board has approved a proposal to introduce a voluntary retirement scheme for employees of the company.
Merck Ltd announced a voluntary retirement scheme to non-bargainable employees in its Taloja plant.
Directing the DISCOMS to make the payments to the employees within three months, the Delhi high court asked them to adopt a method to pay pension, gratuity, leave encashment etc.
'Second Innings Tap VRS-2020' will be opened to all permanent officers and staff who have put in 25 years of service or completed 55 years of age on the cut-off date.
Successful inroads in new markets could drive Escorts' national share above the current 11 per cent, reports Ajay Modi.
The Indian Airlines board on Wednesday cleared an attractive voluntary retirement scheme for its 500-odd cabin crew.
Looking to reduce cost of operations and become competitive, Bata India Limited plans a second round of voluntary retirement scheme this year.
Bharat Petroleum Corporation Ltd on Thursday announced a voluntary retirement scheme for eligible employees and the scheme would remain open till May 31.
The Centre on Friday announced a special voluntary retirement scheme for employees of four public sector general insurance companies to cut the excess flab.
The government is believed to have approved the proposal of granting tax benefits to IDBI in the first five years after its conversion into a bank to ensure that it continues its development financing role.
If you are a senior citizen who is looking at earning regular returns without taking on too much risk, the Senior Citizens Savings Scheme is the place to be.
The Union Cabinet on Wednesday approved the dissolution of the Central Inland Water Transport Corporation Limited as part of the government's move to identify and close down "irretrievable" cases.
Enthused by the success of last year's voluntary retirement scheme, Steel Authority of India Ltd plans to further rationalise its workforce by another 5,000 this fiscal.
The draft scheme, seen by PTI, said it will provide an option and a respectable exit route to employees who have reached a level of saturation in their career, may not be at the peak of their performance, have some personal issue or want to pursue their professional or personal life outside the bank.
General Insurance Corporation plans to tap professional institutions like Indian Institute of Technology and Indian Institute of Management for young managers after cutting flab through a voluntary retirement scheme in the next fiscal.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
VRS has been offered to Cong staff who have completed regular service of minimum five years in the organisation.
Indian Oil Corporation on Friday said it has launched a voluntary retirement scheme - for its surplus employees - that is valid till December 31, 2003.
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