VRS scheme

BPCL CMD K Padmakar said that the privatisation of the company will unlock 'tremendous' value for the oil PSU

The management of BPCL has issued a warning to its employees, especially VRS applicants,  against participating in the strike on Sept 7 and 8

Over 1,500 employees at state-run Bharat Petroleum Corporation Limited (BPCL) have opted for the voluntary retirement scheme (VRS), said sources

Apart from demanding the Centre to stop the privatisation process, the other major demand raised by the unions involves revision of LTS

Opposing the VRS offered by the BPCL management recently, an all-India committee of workers at state-run BPCL has decided to hold a two-day flash strike

Ahead of its privatisation, oil major BPCL has offered a VRS (voluntary retirement scheme) to employees above the age of 45 years

The AIACE has urged the management at CIL to consider framing a VRS scheme for senior employees as a cost optimisation measure