Document solutions (photocopier) major Gestetner is restructuring its Indian arm Gestetner India by trimming employee strength through a voluntary retirement scheme (VRS).
Gestetner India informed the Bombay Stock Exchange (BSE) that it has announced a voluntary retirement scheme (VRS) for all employees of the company, excluding the directors.
The scheme covers all grades of employees, including workers, duplicator technicians, clerical and administrative staff, sub-ordinate and supervisor workers of the Kolkata factory, branch and regional offices of the company.
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The scheme will commence from June 9, 2003, and remain open up to June 24, 2003.
The plan was approved by the company