News: Coal India relaxes norms for VRS for women

Strategic HR

Coal India relaxes norms for VRS for women

Following pressure from the unions, Coal India has agreed to relax norms for the voluntary retirement scheme for women launched in March, extending the date for applications by six months and increasing the eligibility age to 55 from 50. Some other conditions of the scheme, which allows the sons of women workers who opt for voluntary retirement to be employed at the company, are also being revised. The new version, which has to be approved by the Coal India board, will waive a requirement that the sons must hold a diploma from a technical institute or should have passed class 10, and a rider that the women employees should have been recruited at least 10 years ago. The scheme will allow the sons to be posted at locations nearest to their homes instead of being employed at Coal India's exploration and consultancy arm.

Following pressure from the unions, Coal India has agreed to relax norms for the voluntary retirement scheme for women launched in March, extending the date for applications by six months and increasing the eligibility age to 55 from 50. Some other conditions of the scheme, which allows the sons of women workers who opt for voluntary retirement to be employed at the company, are also being revised. The new version, which has to be approved by the Coal India board, will waive a requirement that the sons must hold a diploma from a technical institute or should have passed class 10, and a rider that the women employees should have been recruited at least 10 years ago. The scheme will allow the sons to be posted at locations nearest to their homes instead of being employed at Coal India's exploration and consultancy arm.

Read the Economic Times news report here.

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Topics: Strategic HR, #Current, #Corporate

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