VRS: HR News, Trends & Workplace Insights

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

Updated on: May 2023
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Cabinet approves closure of Scooters India Plant
Industry

Cabinet approves closure of Scooters India Plant

Cabinet approves closure of Scooters India Plant Scooters India, the company that manufactured famous scooters like Lambretta and Vijai Super will be shut down after the Cabinet gave its nod to a proposal to close the loss-making state-owned firm, sources said. The Cabinet Committee on Economic Affairs (CCEA) is believed to have given consent to shutting down of Lucknow-based Scooters […]

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Honda Motorcycle & Scooter India rolls out VRS to employees
Jobs

Honda Motorcycle & Scooter India rolls out VRS to employees

Honda Motorcycle & Scooter India rolls out VRS to employees, effective from January 5 On January 5, Honda Motorcycle & Scooter India (HMSI) has introduced a voluntary retirement scheme (VRS) for its employees above the age of 40 or who have completed 10 years in the company. The VRS scheme is effective from January 5 […]

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SBI continues to hire, invites application before January 11
Jobs

SBI continues to hire, invites application before January 11

SBI continues to hire, invites application before January 11, 2021 State Bank of India sought applications for specialist cadre officers through multiple advertisements. As many as 489 vacancies will be filled under this drive. The registration that has started on Tuesday, December 22 will continue till January 11. Candidates willing to apply for Engineering and […]

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Ashok Leyland announces voluntary retirement scheme
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 […]

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Thermax offers a Voluntary Retirement Scheme (VRS)
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 […]

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SBI announces new VRS scheme for employees
Jobs

SBI announces new VRS scheme for employees

State Bank of India introduces a new voluntary retirement scheme State Bank of India (SBI), has announced a voluntary retirement scheme (VRS) that gives an option to employees who do not get promoted beyond a certain level to move out. The scheme will be opened for three months, from December to January, every year, and […]

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Honda Cars India offers VRS scheme to its office associates
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 […]

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