In a landmark decision, all permanent workers at Britannia Industries Limited's Taratala factory in Kolkata have chosen to take the company's voluntary retirement scheme (VRS). This historic move is expected to have no major impact on the business operations of the FMCG giant, even as the Taratala plant continues to operate on land leased more than 70 years ago. The decision was unanimously taken and is expected to set a precedent for other companies in the industry.
Britannia Industries’ Landmark Decision: Workers at Taratala Factory Opt for Voluntary Retirement Scheme
In a significant move, all permanent workers at Britannia Industries Limited's Taratala factory in Kolkata have elected to accept the company's voluntary retirement scheme (VRS). This unprecedented decision is anticipated to have minimal repercussions on the FMCG giant's operational activities, with the Taratala facility continuing to function on land leased more than seven decades ago.
Background
The Taratala factory is one of Britannia's oldest production plants, having been established in the 1950s. Over the years, the factory has played a crucial role in the company's growth and success. However, in recent years, Britannia has been facing challenges related to the aging workforce at Taratala and the rising costs of maintaining the facility.
Voluntary Retirement Scheme
In response to these challenges, Britannia offered a VRS package to its permanent workers at the Taratala factory. The package included a lump sum payment, health benefits, and pension contributions. The workers were given a period of time to consider the offer and make their decision.
Workers' Decision
After careful deliberation, all permanent workers at the Taratala factory unanimously decided to accept the VRS package. This historic move reflects the workers' recognition of the company's challenges and their willingness to support the company's future plans.
Impact on Business Operations
Britannia has stated that the VRS scheme is not expected to have a significant impact on its business operations. The Taratala plant will continue to operate on the same leased land, and the company will explore alternative arrangements to meet its production needs.
FAQs
1. Why did Britannia offer a VRS scheme to its Taratala factory workers?
A. Britannia offered the VRS scheme to address challenges related to the aging workforce at Taratala and the rising costs of maintaining the facility.
2. Were the workers forced to accept the VRS package?
A. No, the workers were given a period of time to consider the offer and make their decision voluntarily.
3. Will the Taratala factory continue to operate?
A. Yes, the Taratala plant will continue to operate on the same leased land. Britannia will explore alternative arrangements to meet its production needs.
4. How will Britannia ensure the well-being of the workers who accepted the VRS package?
A. The VRS package includes a lump sum payment, health benefits, and pension contributions to support the workers' future needs.
5. Will Britannia offer VRS packages to workers at other factories?
A. Britannia has not disclosed any plans to offer VRS packages to workers at other factories at this time.
During a recent Coldplay concert in Boston, a "kiss cam" video went viral online revealing a married tech CEO allegedly cheating on his spouse with a work colleague. The video, which shows Coldplay frontman Chris Martin on stage, has sparked widespread media attention and has made the CEO and his colleague famous for all the wrong reasons. The CEO has been identified as Astronomer CEO Andy Byron, while the identity and marital status of his colleague, Kristin Cabot, has not been confirmed.
Yash Raj Films' latest production, Saiyaara, has taken the Indian box office by storm, raking in a whopping 20-22 crores on its first day. Starring newcomers Ahaan Panday and Aneet Padda in lead roles, the Mohit Suri directorial has surpassed all industry projections, becoming the best debut for a newcomer since Kaho Naa..Pyaar Hai. With its widespread appeal, the film is set to break records and shake up the marketing game in the film industry. Prepare for a blockbuster in the making as Saiyaara is on track to enter the coveted 100 crore club within a week of its release.
The latest romantic musical from Mohit Suri, Saiyaara, has taken the box office by storm with an impressive opening day collection of ₹19-20 crore nett. Despite facing tough competition from big-budget films with major stars and holiday releases, Saiyaara managed to draw in the crowds with its fresh appeal and music. This strong start has put it in the top 5 openers of the year, disrupting the game for Bollywood.
SS Rajamouli's epic fantasy film Baahubali: The Beginning recently completed a decade since its release and is set to make a comeback to theatres this October. To celebrate the milestone, the filmmaker and lead actors, Prabhas and Rana Daggubati, engaged fans in a playful exchange on Instagram, reigniting the iconic question: "Why did Katappa kill Baahubali?" With a special re-release of both films on the horizon, the buzz and excitement surrounding the franchise continue to remain strong even after 10 years.
Global icon Priyanka Chopra shares some inspiring advice with her fans through social media. The actress recently returned to her home in California after shooting for her upcoming project in France and posted a picture to express her joy about being home. In the story, Priyanka stands in front of a mirror wearing a black outfit with a “trust the process” quote in pink, hoping to motivate her fans to stay patient and never give up.
Mohit Suri's latest release Saiyaara, featuring newcomers Ahaan Panday and Aneet Padda, has made a strong box office debut, surpassing the opening day collections of Suri's earlier films like Murder 2 and Half Girlfriend. The romantic drama, which garnered Rs 15.51 crore on its first day, is expected to overtake the first-day collection of Suri's blockbuster film Ek Villain. The buzz around the film, especially its soundtrack, has garnered attention from personalities like Madhur Bhandarkar and Sanjay Gupta, with both praising the debutant actors and the film's storytelling.
The discovery that Astronomer CEO Andy Byron was seen embracing the company's Chief People Officer Kristin Cabot on the kiss cam at a Coldplay concert stirred up allegations about his past behavior as a teenage bully. The accusations were made by a former acquaintance on X and claim that Andy Byron has not changed since their teenage years. Meanwhile, the incident at the concert went viral, with many speculating if there was more to their relationship.
In a surprising turn of events, attendees at Coldplay's concert witnessed Astronomer CEO, Andy Byron, and HR executive, Kristin Cadot, get cozy on the "kiss cam". The moment, caught on camera, has gone viral and caused controversy as both individuals are married to different partners. In response, the company has deleted Cadot's hiring announcement on LinkedIn, but she is still listed as the "Head of People" on the company's website. Is this a harmless office romance or a scandal in the making? Coldplay's Chris Martin is jokingly weighing in.
This news highlights the growing presence of delivery agents from various e-commerce platforms in India and their impact on the country's urban logistics and commerce. The photo of delivery workers from Zomato, Zepto, Blinkit, Swiggy, and Flipkart waiting together at a junction has sparked discussions on the state and future of quick commerce in India. While some raise concerns about the sustainability of this model, others highlight its positive impact on issues like food adulteration. Delivery-driven quick commerce platforms are seen as a solution to this long-standing health challenge by removing middlemen and enabling direct brand-to-consumer transactions. Additionally, they are generating employment and bringing transparency and accountability to the supply chain.
The camera unit at Coldplay's concert in Boston accidentally exposed a high-profile affair between Astronomer CEO Andy Byron and the company's Chief People Officer, Kristin Cabot, when they were caught on the "kiss cam." The incident was captured on video and went viral on the Internet, with fans praising the crew's "outstanding work" in unintentionally uncovering the secret affair. The camera operator has been hailed as a hero for their role in exposing the scandal, which has been dubbed "ColdplayGate."