Keltron to implement another round of VRS
By The VRS programme has be | 19 Aug 2002
Kochi: Kerala State Electronics Development Corporation (Keltron) is set to implement yet another voluntary retirement scheme (VRS) for its employees.
Nearly 80 employees from various units and branch offices are expected to sign off from the company's services under this VRS, says Keltron managing director Ajaya Kumar.
The company will find its own funds to implement the scheme, which is expected to cost Rs 2.25 crore, and the government will not be burdened with any fresh demand by the company. “We are confident that all the employees who opt for the benefit of the scheme could be given their compensation amounts within 90 days of leaving the company,“ Kumar says.
The first round of VRS implemented last year ran into trouble with the industries department not being able to mobilise the required funds in time. The company had then offered the VRS option to 625 employees at a cost of Rs 26 crore.
Of the optees in this second round, 22 are from the switching equipment unit at Manvila, near Kochi, and 32 from the transmission equipment unit at Moodadi, near Kozhikode. The rest belong to the branch offices in New Delhi, Kolkata and Hyderabad.
The VRS programme has been charted out as part of the larger exercise to restructure manpower resources, Kumar says. “Keltron can do with another one or maybe even more rounds of VRS, but the decision must come from the individual units, which feel the need to optimise their human resources. We are aiming to achieve the best possible results within the scope of the limited resources at our command.“