Developed VRS – Voluntary Retirement Scheme for a Mfg. Unit

Client Background
The Client is one of the largest manufacturers of high quality, innovative and branded kitchen products line with manufacturing units across Indian Subcontinent.

Problem Statement
The client’s new business model was to consolidate the existing units which resulted in closure one of the manufacturing unit completely. The unit had both blue collar and white collar workforce.

Solution Design
The Strategist worked on a VRS blueprint which was build on the principles of What is eligible as per law, What is the organisation’s openness to pay, What is the aspiration of employees, What is the brand impact etc. The VRS solution, thus designed, had a combination of Full & Final Settlement, Job Rotations, Transfers, Re-skilling etc.

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