Voluntary Retirement Scheme: HR News, Trends & Workplace Insights

Latest Voluntary Retirement Scheme HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Voluntary Retirement Scheme.

Updated on: May 2023

Industry

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

May 9, 2023

Hero MotoCorp launches VRS to make firm future-ready

The worlds largest manufacturer of two-wheelers, Hero MotoCorp Ltd has launched a voluntary r...

Industry

Apr 6, 2023

Hero MotoCorp launches VRS to make firm future-ready

Air India makes another voluntary retirement offer to staff

Tata Group-owned, Air India is offering a voluntary retirement scheme for its non-flying staff. This...

Work Model

Mar 17, 2023

Air India makes another voluntary retirement offer to staff

Tata Group-owned Air India offers VRS to its employees

Streamlining operations, Tata Group-owned Air India offers Voluntary Retirement Scheme to its thousa...

Industry

Jun 3, 2022

Tata Group-owned Air India offers VRS to its employees

Industry

Tata Group acquires Air India for Rs 18,000 crore

According to a Reuters report, Tata Sons has been selected as the winning bidder to take over state-run carrier Air India, the government said on Friday, marking the end of years of struggle to privatize the financially troubled airline. Tata Sons, the holding company for the autos-to-steel Tata conglomerate, bid 180 billion rupees ($2.40 billion) […]

Oct 8, 2021

Industry

Mother Dairy offers VRS for employees at East Delhi plant; maximum benefit Rs 20 lakh

Mother Dairy offers VRS for employees at East Delhi plant; maximum benefit Rs 20 lakh Mother Dairy, a leading milk supplier in the Delhi-NCR market, has come out with a voluntary retirement scheme (VRS) for employees working at one of its plants to bring operational efficiencies. The scheme is confined to its main plant at […]

May 18, 2021

Jobs

Tata Motors offers third VRS scheme in four years

Tata Motors offers third VRS scheme in four years as cost restructuring exercise On Friday, 11 December, Tata Motors has offered a voluntary retirement scheme (VRS) to its 42,597 employees as part of a cost restructuring exercise. As per media reports, around half of the total employees are eligible for the VRS scheme. This year, […]

Dec 12, 2020

Jobs

Ashok Leyland announces voluntary retirement scheme

Ashok Leyland announces voluntary retirement scheme Ashok Leyland has announced a voluntary retirement scheme for its employees, the company said on Friday. Its board of directors, at a meeting held on November 6, approved the scheme, Ashok Leyland said in a BSE filing. According to company statement, the scheme would be implemented over a period […]

Nov 21, 2020

Jobs

Thermax offers a Voluntary Retirement Scheme (VRS)

Thermax offers a Voluntary Retirement Scheme (VRS) Thermax Limited, an Energy and Environment Company said in an exchange filing that it has announced a voluntary retirement scheme (VRS) for eligible employees. According to TOI report, “In view of Thermax reorganizing its manufacturing operations and considering the current economic scenario, the company has announced VRS for the benefit […]

Oct 3, 2020

Coronavirus

Honda Cars India offers VRS scheme to its office associates

Covid-19 impact: Honda Cars India Ltd. (HCIL) offers a voluntary retirement scheme to office associates Honda Cars India Ltd. (HCIL) has offered a voluntary retirement scheme (VRS) for office associates, having age more than 40 years or who have worked with the company for five years, the company spokesperson said. “The VRS scheme, launched on […]

Aug 2, 2020

Industry

Bharat Petroleum offers VRS to employees

Bharat Petroleum offers VRS to employees ahead of privatisation State-owned Bharat Petroleum Corporation Limited (BPCL) has brought a voluntary retirement scheme for its employees ahead of the government privatizing the country’s third-biggest oil refiner and second-largest fuel retailer. “The Corporation has decided to offer a Voluntary Retirement Scheme (VRS), with a view to enable employees, […]

Jul 26, 2020