Vrs

Showing of 1 - 20 from 38 results
Vrs - Total results - 38
BSNL, MTNL release over Rs 10,000 cr for employees voluntary retirement scheme
Business

BSNL, MTNL release over Rs 10,000 cr for employees voluntary retirement scheme

State-run telecom firms BSNL and MTNL have released over Rs 10,000 crore for employees who have opted for voluntary retirement scheme, according to a statement

Govt committed to revival of BSNL for public service, fairness; not possible to retain all employees: Ravi Shankar Prasad
Business

Govt committed to revival of BSNL for public service, fairness; not possible to retain all employees: Ravi Shankar Prasad

BSNL had a workforce of 1,55,296 employees as on 1 October 2019. The employee cost was 74 percent of the total revenue for the 2018-19 of BSNL, he said.

BSNL employee unions call for nationwide hunger strike today, to protest over delay in execution of Rs 69,000 cr relief package
Business

BSNL employee unions call for nationwide hunger strike today, to protest over delay in execution of Rs 69,000 cr relief package

In October 2019, the central government approved for BSNL and MTNL a Rs 68,751-crore revival package, which included allocation of 4G spectrum to the state-run firms, voluntary retirement scheme for employees, as well as their merger

Honda Cars initiates voluntary retirement scheme for Greater Noida plant workers to increase productivity, efficiency
Business

Honda Cars initiates voluntary retirement scheme for Greater Noida plant workers to increase productivity, efficiency

Auto major Honda Cars India on Wednesday said it has initiated a voluntary retirement scheme (VRS) for its manufacturing line associates at Greater Noida plant in Uttar Pradesh order to increase productivity and efficiency

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings
Business

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings

State-owned MTNL on Thursday said that it has received shareholders' approval for raising up to Rs 6,500 crore through issuance of non-convertible debentures as well as for monetisation of land and buildings

BSNL's VRS bears fruit: State-run telco likely to save up to Rs 600 cr per month on wage bills; may monetise land assets
Business

BSNL's VRS bears fruit: State-run telco likely to save up to Rs 600 cr per month on wage bills; may monetise land assets

In a major relief to the BSNL employees, the company is set to pay November salary before 31 December and the amount will be raised from internal accruals and bank loans.

BSNL eyes Rs 1,300 cr savings this fiscal after VRS becomes effective: CMD PK Purwar
Business

BSNL eyes Rs 1,300 cr savings this fiscal after VRS becomes effective: CMD PK Purwar

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

Maharashtra IPS officer quits over 'communal, unconstitutional' Citizenship Amendment Bill, says law aims to stoke fear among Muslims, divide India
India

Maharashtra IPS officer quits over 'communal, unconstitutional' Citizenship Amendment Bill, says law aims to stoke fear among Muslims, divide India

A Maharashtra cadre IPS officer on Wednesday said he has decided to resign from the service as a protest against the 'blatantly communal and unconstitutional' Citizenship Amendment Bill

BSNL seeks many more senior technical officers to ensure uninterrupted service amid VRS to reduce staff strength, expenses
Business

BSNL seeks many more senior technical officers to ensure uninterrupted service amid VRS to reduce staff strength, expenses

The government in October approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL, including 4G spectrum allocation and voluntary retirement scheme, as well as their merger.

BSNL bailout: Employee unions of state-run telco call for hunger strike today; say VRS not beneficial for lower-level staff
Business

BSNL bailout: Employee unions of state-run telco call for hunger strike today; say VRS not beneficial for lower-level staff

According to BSNL chairman and managing director P K Purwar, over 77,000 out of around 1.6 lakh employees of the loss-making telecom firm have opted for VRS.

After BSNL, MTNL rings in strong VRS response; says over 13,500 staff opted for scheme so far
Business

After BSNL, MTNL rings in strong VRS response; says over 13,500 staff opted for scheme so far

After BSNL, state-owned Mahanagar Telephone Nigam Ltd (MTNL) on Wednesday said its VRS plan has surpassed its internal estimates as more than 13,500 employees have opted for the recently-announced scheme so far

BSNL bailout: About 70,000 employees of state-run telco opted for VRS so far, says CMD PK Purwar
Business

BSNL bailout: About 70,000 employees of state-run telco opted for VRS so far, says CMD PK Purwar

In all, nearly one lakh BSNL employees are eligible for the voluntary retirement scheme (VRS) out of its total strength of about 1.50 lakh.

BSNL bailout: Over 40,000 employees have opted for VRS so far, response good across all cadres, says telco CMD PK Purwar
Business

BSNL bailout: Over 40,000 employees have opted for VRS so far, response good across all cadres, says telco CMD PK Purwar

BSNL is looking at savings of about Rs 7,000 crore in wage bill, considering 70,000-80,000 personnel opt for the scheme.

BSNL rolls out VRS, expects up to 80,000 employees to avail scheme; company will save Rs 7,000 cr in wage bill
Business

BSNL rolls out VRS, expects up to 80,000 employees to avail scheme; company will save Rs 7,000 cr in wage bill

Within days of government approving a relief package for the ailing corporation, state-owned BSNL has rolled out a voluntary retirement scheme for its employees, and said it expects 70,000-80,000 personnel to opt for it leading to savings of about Rs 7,000 crore in the wage bill

PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain
Business

PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain

Globally, any merger works only because employees get fired and the merged company is able to bring down their cost of operations

MTNL, BSNL employees threaten to go on nationwide strike; dues not paid for two months
Business

MTNL, BSNL employees threaten to go on nationwide strike; dues not paid for two months

Employees have been protesting outside the office of MTNL as their salaries haven't been paid for two months—August and September

Auto sector slowdown: Hero MotoCorp comes out with voluntary retirement scheme for employees
Business

Auto sector slowdown: Hero MotoCorp comes out with voluntary retirement scheme for employees

Two-wheeler market leader Hero MotoCorp on Monday said it has commenced a Voluntary Retirement Scheme (VRS) for its employees with an objective to improve productivity and efficiency

Telecom woes: BSNL expects normalcy in liquidity position by September quarter; predatory tariff hits revenue
Business

Telecom woes: BSNL expects normalcy in liquidity position by September quarter; predatory tariff hits revenue

BSNL has been able to sustain its customer base, despite the persistent pressure of competition on its revenue.

BSNL employee union opposes voluntary retirement scheme, seeks 4G spectrum for telco's revival
Business

BSNL employee union opposes voluntary retirement scheme, seeks 4G spectrum for telco's revival

The BSNL Employees Union on Thursday opposed the government's proposal to implement a voluntary retirement scheme, alleging that it is a strategy to reduce the PSU's workforce before handing it over to a private player