3 weeks ago

Vizag MP urges steel minister to release pending VRS dues

Vizag MP urges steel minister to release pending VRS dues
Vizag MP seeks immediate release of pending VRS dues · thehansindia.com

Some people in India used to work at a big steel-making factory called the Visakhapatnam Steel Plant.

The plant is run by a company called Rashtriya Ispat Nigam Limited, or RINL for short.

To make the company smaller, the government let some workers leave early through a program called the Voluntary Retirement Scheme.

The workers agreed to leave because they were promised money for their retirement.

But many of these workers have not received all the money they were promised.

A man named M. Sribharat, who helps represent the city of Visakhapatnam, traveled to the capital city of New Delhi.

He met the minister in charge of steel, HD Kumaraswamy.

He asked the minister to make sure the workers get their money soon.

Some workers only received half of what they were owed, while others received just a quarter.

The minister was asked to tell the company to pay the workers quickly.

Key facts

MP
M. Sribharat, Visakhapatnam
Union Minister
HD Kumaraswamy, Ministry of Steel
Company
Rashtriya Ispat Nigam Limited (RINL)
Plant
Visakhapatnam Steel Plant
Second phase VRS employees
486 employees; only 50% of compensation released
Third phase VRS employees
67 employees; only 25% of compensation released
Pending benefits
Balance compensation, earned leave encashment, salary arrears, and statutory retirement benefits
Representation
Steel Executives' Association (SEA), Visakhapatnam Steel Plant

Sources

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