RAJYA SABHA
The Government has
introduced a Voluntary Retirement Scheme (VRS) for the employees
of Public Sector Enterprises (PSEs) in order to effect rightsizing
of these enterprises by rationalizing their surplus manpower for
achieving better performance. This Scheme has been revised from
time to time to enhance the voluntary Retirement compensation
to the employees. Stating this in a written reply in the Rajya
Sabha today the Minister of State for Labour Shri Ashok Pradhan
said that the VRS has been introduced in 169 Central Public Sector
Enterprises (CPSEs) upto 31.3.2001. He said that VRS is voluntary
in nature and is based upon the option of individual employees
and its acceptance by the managements of the CPSEs. He also said
that such manpower rationalization is a continuous process. Hence,
the percentage of employees likely to be reduced can not be qualified.
