17-05-2008, 06:04 PM
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 | | | Join Date: May 2008
Posts: 1
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 Voluntary Seperation Scheme
By Reasons Of Re-organization of business, the need arises for reduction of manpower or closing of a factory at one location and shifting to another location or closing the factory permanently, thereby, a company forms packages of Voluntary Separation Scheme to as a “Golden Handshake” keeping in view of the services rendered for the number of years by an employee or workmen. Voluntary Separation Scheme is recognized by the Court of Law. There are judicial pronouncements on the Voluntary Separation Scheme. Questionnaire 3) (a)Is there a written notice before embarking the VSS exercise? a) Yes b) No (b)What is the notice period? a) 1 month b) 2 month c) 3 month4) (a)Is there a committee to assist the employees for the VSS? a) Yes b) No (b)What is the Committee called? 5) What is the procedure of the VSS?(Steps to be followed) 6) What are the enabling rules of the VSS? 7)What is the eligibility criteria for th employees to avail the VSS?  Has the LIFO Concept being implemented? 9)What is the compensation structure in the VSS scheme? 10)Are there any other benefits? 11)What were the various disputes in the VSS scheme? 12)What are the various court Decisions?
Last edited by Sumana Sen Gupta; 17-05-2008 at 06:22 PM.
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