VRS IN IOC AND ONGC
RAJYA SABHA
While 93 employees
of IOC had opted for voluntary retirement scheme (VRS) during
the year 2001-02, no such scheme was in operation in IOC during
2002-03 and in ONGC during 2001-02 and 2002-03. In ONGC, 710 employees
have opted for VRS under the scheme offered to employees during
July-September, 2003. Likewise, in IOC, so far, 214 employees
have opted for VRS under the scheme offered to employees during
July-December, 2003.
IOC does not have
any system of system of monitoring post-separation employment,
if any, of these persons whereas ONGC does have a system where
VRS retirees are required to seek formal approval of ONGC in case
they intend to work for any other oil and gas company, whether
in the public or private sector, within two years of release on
VRS. No officer of ONGC who has opted for VRS—2003, has so far
requested for formal approval of ONGC for joining other organisation/company.
The above information
was given by the Minister of State for Petroleum & Natural
Gas, Smt. Sumitra Mahajan, today in the Rajya Sabha in a written
reply.
