Sunday, August 11, 2013

VRS Cannot be claimed as a right

It is well-established that a Voluntary Retirement Scheme introduced by a company, does not entitle an employee as a matter of right to the benefits of the Scheme. Whether an employee should be allowed to retire in terms of the Scheme is a decision which can only be taken by the employer company, except in cases where the Scheme itself provides for retirement to take effect when the notice period comes to an end. A Voluntary Retirement Scheme introduced by a company is essentially a part of the company's desire to weed out the deadwood (ALTAMAS KABIR) (ANIL R. DAVE) (RANJANA PRAKASH DESAI) New Delhi Dated: July 03, 2013. C.V. Francis ...Petitioner Vs. Union of India & Ors. ...Respondents