Answer of the staff education exercise on vrs at sail seems to be more of a reaction to the power plant hive-off fiasco than a proactive measure. what other steps can sail take to educate employees about vrs? explain.
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Steel Authority of India Ltd, one of India's top steelmakers, said it has approved giving voluntary retirement compensation to 1,269 employees totaling Rs 254 cr.
The figure comes to about Rs 20 lakhs per employee on average. VRS 2017, as the scheme is called will result in savings of Rs 127 cr per year for the company, the steelmaker said.
The VRS scheme was unveiled in May this year with the object of consistent enhancing productivity, improving manpower profile, rationalization of manpower and optimization of manpower cost.
The figure comes to about Rs 20 lakhs per employee on average. VRS 2017, as the scheme is called will result in savings of Rs 127 cr per year for the company, the steelmaker said.
The VRS scheme was unveiled in May this year with the object of consistent enhancing productivity, improving manpower profile, rationalization of manpower and optimization of manpower cost.
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