A total of 1,017 RINL employees opt for VRS amid disinvestment: Govt
The Government has announced through Parliament information that over 1000 employees of disinvestment-backed steelmaker PSU Rashtriya Ispat Nigam Limited (RINL) have applied for the voluntary retirement scheme (VRS).
A total of 1,017 RINL employees opt for VRS amid disinvestment: Govt
New Delhi: The Government has announced through Parliament information that over 1000 employees of disinvestment-backed steelmaker PSU Rashtriya Ispat Nigam Limited (RINL) have applied for the voluntary retirement scheme (VRS).
The Minister of State (MoS) for Steel, Bhupathiraju Srinivasa Varma, said in a reply to the Rajya Sabha that the benefits for VRS-II in RINL are according to the guidelines of the Department of Public Enterprise (DPE) dated July 20, 2018.
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The minister said the benefits of VRS-II are the same as were extended in VRS, adding that RINL offered VRS for opting eligible and interested employees on 14.06.2025. The scheme had commenced on 16.06.2025 and the last date for withdrawal of submitting applications was 18.07.2025. (A total of) 1,017 number of employees have opted for VRS.
According to an official document, the company has employed around 13,536 regular employees (4,390 executives, and 9,146 non-executives) as on March 31, 2024.
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