This paper provides an overview of the theory and practice of Voluntary Redundancy Schemes (VRS) in India. Through the 1990s a number of Indian States developed VRS for employees of Public Sector Undertakings (PSUs). As overstaffing is said to be one of the main contributory factors to the heavy losses of many PSUs, governments recognised that is was simply impossible to reform, restructure or modernise PSUs without tackling the difficult question of staff reduction...click here to read ahead
Voluntary Redundancy Programs in India: A Case Study
Filed under Employee Relations, HR, Industrial Relations