BPCL privatisation: Firm offers VRS to those who don’t want new management

State-owned BPCL has brought a voluntary retirement scheme for its employees ahead of the government privatising the country’s third biggest oil refiner and second-largest fuel retailer.

“The Corporation has decided to offer a Voluntary Retirement Scheme (VRS), with a view to enable employees, who are not in a position to continue in service of the Corporation due to various personal reasons, to request for grant of voluntary retirement from the services of the Corporation,” Bharat Petroleum Corp Ltd (BPCL) said in an internal notice to its employees.

The ‘Bharat Petroleum Voluntary Retirement Scheme – 2020 (BPVRS-2020)’ opened on July 23 and will close on August 13.