(a) whether the Government proposes to start a special Voluntary Retirement Scheme
(VRS) to control its surplus employees in Public Sector Undertakings (PSUs);
(b) if so, the details thereof; and
(c) the steps taken/proposed to be taken for the welfare of surplus employees in PSUs?
THE MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI SONTOSH MOHAN DEV)
(a) & (b): Voluntary Retirement Scheme (VRS) in Central Public Sector Enterprises (CPSEs)
was notified by the Government in 1988. The Scheme was revised in May 2000.
(c): In order to provide a safety net for separated employees of CPSEs, Government have been
implementing a Scheme of Counselling, Retraining and Redeployment (CRR) from 2001-2002. The
scheme aims at rehabilitation of the employees who have taken VRS, through short duration
training programmes. Continuation of the Scheme during the 11 Five Year Plan is under
consideration.