1,300 VRS applications accepted in 2020-21: BPCL
NEW DELHI: The Voluntary Retirement Scheme (VRS) implemented by privatisation-bound Bharat Petroleum Corporation Limited (BPCL) in 2020-21 saw a total of 1,300 applications being accepted, the highest among previous such schemes. The PSU in its annual report said, of the 1,300 applications, 243 are from officers and 1,057 from workmen.
“Your company successfully implemented the Voluntary Retirement Scheme in the year 2020-21, with the objective to right-size the organisation and reduce redundancies while retaining the requisite talent,” BPCL chairman Arun Kumar Singh said during AGM. The Voluntary Retirement Scheme was launched with the objective of rightsizing the organisation, considering the impending disinvestment and reducing redundancy and improve the performance of the organisation, the report said.
