Present Status of Voluntary Retirees from Public Sector Banks in Tamilnadu

Abstract

In India, downsizing is being achieved mainly through Voluntary Retirement Scheme (VRS) and regulated recruitment. Whatever be the means to downsize the workforce, this trend is here to stay for some more years. Companies of all sizes i.e. big, medium and small are joining the VRS bandwagon. Many companies which have already shed manpower by means of VRS are, in many cases, planning for more rounds of golden handshake. Public sector banks are not only exception to implementation of VRS.