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The restructuring will save the bank Rs 1160 cr. every year

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Tuesday, 08 August 2017 08:56

Top Cognizant executives accept VRS

The Company is attempting to increase its cost margins and revenue growth.

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The move is a part of its initiative Transform 2025+, which aims at cutting the workforce and improving productivity.

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Employees with over Rs 40 lakh in annual salaries or those at the director and senior VP level are being considered. 

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In order to discourage people from opting for VRS, the state –owned airline is getting rid of fringe benefits that come along with VRS.

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