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voluntary retirement scheme

Vistara offers voluntary retirement scheme to non-flying staff ahead of merger with Air India

Vistara offers voluntary retirement scheme to non-flying staff ahead of merger with Air India

Tue, Jul 30, 2024

The Voluntary Retirement Scheme (VRS) and Voluntary Separation Scheme (VSS) have been offered for the non-flying permanent employees. Eligible staff can apply for the schemes till August 23, they said.

Air India extends deadline to apply for voluntary retirement

Air India extends deadline to apply for voluntary retirement

Mon, May 08, 2023

In March, Air India had announced a voluntary retirement offer for its non-flying staff. This is the second such offer made by the company after it launched the first phase of the voluntary retirement offer in June 2022.

Hero Motocorp Launches Voluntary Retirement Scheme For All Staff Members

Hero Motocorp Launches Voluntary Retirement Scheme For All Staff Members

Thu, Apr 06, 2023

India's largest two-wheeler maker Hero MotoCorp on Wednesday announced that it launched a voluntary retirement scheme (VRS) for its staff while retaining 'employee welfare at its core.' The company said that the voluntary retirement scheme (VRS) has been designed in line with the vision to make the organization agile and ‘future-ready’, consolidating roles and reducing layers to increase empowerment and agility.

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Air India makes voluntary retirement offer for non flying-staff

Air India makes voluntary retirement offer for non flying-staff

Fri, Mar 17, 2023

Air India, a Star Alliance member, announced a voluntary retirement offer on Friday, 17 March for its non-flying staff. This is the second such offer made by the company after it launched the first phase of the voluntary retirement offer in June 2022.

Indian Railways sacked one 'non-performer or corrupt official' every three days since July 2021

Indian Railways sacked one 'non-performer or corrupt official' every three days since July 2021

Thu, Nov 24, 2022

The Railways invoked Rule 56(J) of the Department of Personnel and Training service rules that says a government employee can be forced to retire or be dismissed after being served a minimum of three months' notice or pay for a similar period.

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

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

Wed, Nov 23, 2022

The airline is looking to hire expat pilots and has also offered its cabin crew, who have opted to retire following the company's Voluntary Retirement Scheme (VRS) scheme for its permanent employees earlier this year, to extend their service tenure by two months to January 31, 2023.

Money Guru: How to prepare for Voluntary Retirement? Know from experts inflation-beating investment options!

Money Guru: How to prepare for Voluntary Retirement? Know from experts inflation-beating investment options!

Fri, May 06, 2022

If you are preparing for voluntary retirement, you must know which investment options will give you maximum returns? How much investment mut go in equities after 60 years? Know the answer to every question related to the retirement plan from the expert Harshvardhan Rungta of Rungta Securities.

Important news for disabled government employees seeking voluntary retirement

Important news for disabled government employees seeking voluntary retirement

Mon, Sep 07, 2020

The Personnel Ministry in an order issued on Monday has said that disabled government employees seeking voluntary retirement due to the hardships faced by them can continue in service with the same pay scale and benefits.

SBI VRS 2020: Eligibility, salary, pension, gratuity, leave encashment and more - All details here

SBI VRS 2020: Eligibility, salary, pension, gratuity, leave encashment and more - All details here

Thu, Sep 03, 2020

India's largest lender, State Bank of India is once again coming up with the Voluntary Retirement Scheme (VRS).

BSNL VRS matter: What is Voluntary Retirement Scheme? Check reason behind telco going for it

BSNL VRS matter: What is Voluntary Retirement Scheme? Check reason behind telco going for it

Wed, Apr 03, 2019

The most humane way to provide overall reduction of existing strength of employees instead of lay-off is the voluntary retirement scheme.

Eveready Industries posts multi-fold dip in Q3 net to Rs 19.71 lakh

Eveready Industries posts multi-fold dip in Q3 net to Rs 19.71 lakh

Thu, Feb 14, 2019

Total income during the period under review stood at Rs 387.81 crore as against Rs 373.8 crore in the year-ago quarter, it added.

Voluntary Retirement Scheme: Planning to retire early? Find out if you need to pay tax on compensation

Voluntary Retirement Scheme: Planning to retire early? Find out if you need to pay tax on compensation

Mon, Feb 11, 2019

When a person opts for VRS, they receive some compensation, incentives along with amount which is due by the company when they leave.

Ahead of privatisation, Air India eyes bumper staff buyout

Ahead of privatisation, Air India eyes bumper staff buyout

Tue, Jul 18, 2017

Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, a senior company official said, one of the largest such offers in India`s state sector, as the carrier slashes costs ahead of a 2018 sale.

SBI merger: VRS for 12,000 SBI and associate banks' employees?

SBI merger: VRS for 12,000 SBI and associate banks' employees?

Mon, Apr 03, 2017

Bhattacharya added, “At this point of time, Voluntary Retirement Scheme (VRS) for employees is not under consideration. But post merger, in future, there will be an option for employees to adapt this scheme. SBI will be very open to their choices. ”

Tata Motors to launch a new VRS plan to cut staff costs

Tata Motors to launch a new VRS plan to cut staff costs

Tue, Mar 14, 2017

The voluntary retirement scheme is a part of the on-going “organisation effectiveness” project, approved by the board, said the spokesperson.

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