PANAJI
A day after announcing a Voluntary Retirement Scheme (VRS) for its employees, Vedanta Sesa Goa on Sunday clarified that the initiative is a transition opportunity for the workers to explore upcoming prospects through the auctioned mines.
Vedanta Sesa Goa Chief Executive Officer Navin Jaju said that the recently announced VRS has been thoughtfully designed with the utmost compassion and in the long-term interests of their valued workforce. “As the mining landscape evolves, several of our former major mining blocks have now been allocated to new entities through the auction regime. With these mining operations expected to commence in the near future in the State of Goa, new prospects will emerge across the region,” he said.
“Our VRS initiative is a transition opportunity for our workers to explore the upcoming prospects. By providing financial security and flexibility, the scheme empowers our people to take charge of their futures,” Jaju added.
The officer said that over the years, especially during the extremely challenging period of prolonged mining bans in Goa, the company has stood firmly by its employees.
“Our workforce is our priority, and the decision to offer the VRS is driven by our unwavering commitment to their well-being and long-term interests,” he said.
The VRS is open to eligible employees who have completed 10 years of service or are above the age of 40.
