88 Bicholim mining firm workers opt for new VRS

BICHOLIM: About 88 employees from a mining company from Bicholim have opted for the new Voluntary Retirement Scheme (VRS) with the fear of being transferred to Karnataka.

As per the available information some 500-odd workers employed with the mining company at Bicholim were announced a new VRS scheme by the company. As per the scheme, the workers are assured a lump sum amount either depending upon the number of years in service or the number of years left for retirement. 
The employees are assured the final settlement amount depending upon whichever works out less.
“There are some who benefited from this but there are also others who would suffer if they opt for the VRS and they would have no other option but to accept the transfer” sources said.
The sources said that the notice to the workers was issued on May 26 and were given a month’s time to decide upon the same. Most of the workers feel that the company should reconsider the issue and should not transfer them to Karnataka.

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