Britannia’s Kolkata unit may be heading for closure, all permanent staff given VRS ...Middle East

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Britannia’s Kolkata unit may be heading for closure, all permanent staff given VRS
Kolkata: Apprehensions loom over the closure of Britannia Industries’ factory at Taratala in southern Kolkata with the company offering a voluntary retirement scheme (VRS) to all its permanent staff. While the 120-odd permanent staff there are said to have accepted the VRS offer, no company officials have divulged what the fate of the factory would be after their exit. Sources said that the lucrative VRS offer includes a one-time separation compensation ranging from Rs 13 lakh to Rs 22 lakh in addition to the accumulated provident fund and gratuity. The one-time compensation has been decided on the basis of the years of service left for the permanent employees and has three slabs. The VRS p

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