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| Exchange Disseminated Time 04/08/2016 13:19:55 | | Steel Authority of India Ltd has informed BSE that in line with the consistent efforts for enhancing productivity, improving manpower profile, rationalization of manpower and optimization of manpower cost, the Company implemented Voluntary Retirement Scheme during the period from May 01, 2016 to June 30, 2016 at all its Plants/Units. Voluntary Retirement of total 1038 nos. of employees has been approved under this Scheme. The one time financial implication for the Scheme works out to Rs. 213 Crore (VR Compensation), with envisaged savings of Rs. 103.80 Crore per annum. |
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