At meeting held on 09 April 2014
The Board of Directors of Ravalgaon Sugar Farm at its meeting held on 09 April 2014 has discussed and accepted in-principle the introduction of Voluntary Retirement Scheme (VRS) for the workmen at the factory.The Board further added that a proper agreement needs to be entered into between the representatives of the management and the workers' representatives to ensure that all requirements under the applicable laws are met.
The Board also advised that the financial closure of the VRS liability should be done before it accords final approval to the Voluntary Retirement Scheme.
Powered by Capital Market - Live News
