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.
In a recent interview, veteran actress Padmini Kolhapure shared her emotional experience playing the role of Rajmata in the historical drama "Chakravarti Samrat Prithviraj Chauhan." She spoke about the parallels between her personal life as a mother and the character she portrays on screen. Kolhapure also expressed her excitement on making a comeback to television after 11 years with this compelling role. The show also stars Anuja Sathe, Ronit Roy, and Rumi Khan and airs Monday to Friday on Sony Entertainment Television.
Brooklyn Beckham shares heartfelt tribute to wife Nicola's father Nelson on his 83rd birthday, in a heartwarming family photo featuring the couple and the Peltz family. The celebratory photos come after Brooklyn's father David was recently snubbed on his 50th birthday, adding more tension to the Beckham family dynamics.
From hotel room gossip to spiritual miracles, today's entertainment news is full of surprises. Read up on the rumored love affair between Bollywood icon Rekha and South Indian superstar Kamal Haasan before their careers took off. Plus, get your daily horoscope and learn about a mystical phenomenon happening on a hill near Bengaluru.
After several delays, the highly-anticipated action thriller film 'Kingdom' starring Vijay Deverakonda finally has an official release date set for July 31, 2025. Directed by Gowtam Tinnanuri, the film features an ensemble cast including Bhagyashree Borse, Rukmini Vasanth, and more. The teaser clip, released by the production company Sithara Entertainments, has already garnered over six lakh views on YouTube. This marks Vijay's return to the big screen after his cameo in the sci-fi film 'Kalki 2898 AD'.
After a successful box office run earlier this year, Venkatesh Daggubati is set to return to the silver screen with a string of highly anticipated upcoming projects. Among them is a heartwarming family drama directed by Trivikram Srinivas, which features a star-studded ensemble cast and promises to capture audiences' hearts with its emotional depth and wholesome storytelling. The film will see Venkatesh reunite with leading lady Trisha Krishnan and potentially star opposite Nidhhi Agerwal, raising excitement among fans and industry insiders alike. Additionally, the veteran actor continues to thrive in the OTT space, showcasing his versatility in Netflix's popular series Rana Naidu.
After the massive success of "Sankranthiki Vasthunam," veteran actor Venkatesh Daggubati is set to return to the big screen with a dynamic slate of upcoming films. The most anticipated one is a family-oriented drama directed by Trivikram Srinivas, featuring leading actresses Trisha Krishnan and Nidhhi Agerwal. Naga Vamsi, producer of the film, recently confirmed that they have two projects in the works with Srinivas, including one starring Venkatesh and another with Jr NTR. Apart from films, Venkatesh has also made his mark in the OTT space with his role in the second season of Netflix's popular series, Rana Naidu. The upcoming family entertainer is also expected to feature other talented actors like Aishwarya Rajesh and Meenakshi Chaudhary, making it a highly anticipated film.
Novak Djokovic, Iga Swiatek, and Jannik Sinner stole the spotlight on day eight of Wimbledon with their standout performances. Djokovic continues to dominate on the court, while Swiatek solidifies her position as one of the top players in women's tennis. Sinner, the world's number one player, put up a tough fight in his match, showcasing his skills and determination. Stay tuned for more updates and analysis from the rest of the tournament.
The much-anticipated face-off between two of the biggest stars in Telugu cinema - Pawan Kalyan and Vijay Deverakonda - is almost here. With their highly-anticipated films, "Hari Hara Veera Mallu" and "Kingdom", set to release just a week apart, all eyes are on the box office to see who will come out on top. As the promotional materials for "Kingdom" continue to impress and raise the hype, a new teaser unveiled on Monday has further increased expectations, promising a truly unique cinematic experience in Telugu cinema. Meanwhile, controversy surrounds YouTuber Jyoti Malhotra's visit to Kerala and the state's tourism minister faces calls for resignation over sponsoring her trip.
Fans of the global superstar group BTS took to Twitter to express their excitement and support as the group left for the United States to meet with President Joe Biden at the White House. The meeting will center on discussing important issues regarding Asian representation and addressing hate crimes and discrimination. This is not the first time BTS has made headlines for their involvement in global events, including the United Nations General Assembly. Stay tuned for their upcoming comeback with "Proof".
During the trial that could have resulted in rapper/producer Diddy serving many years in prison, he shared some humorous moments with sketch artist Jane Rosenberg. Diddy mouthed notes to her, including a request for her to make him look softer in her drawings. Later, she shared the conversation she had with Diddy's mother in an elevator, in which she joked about making him look like a "koala bear." While Diddy's legal issues and verdict continue to generate discourse and speculation, his legal team maintains that they are just getting started in the fight for his innocence.