SAIL'S VOLUNTARY RETIREMENT SCHEME

Essay specific features

 

Issue:

Technology

 

Written by:

Joshua P

 

Date added:

June 3, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2809

 

Was viewed:

3033 times

 

Rating of current essay:

 
Essay content:

After incurring a huge loss of Rs 15.74 billion in the financial year 1998-99 (the first in the last 12 years), the morale in the company was extremely low. The joke at SAIL's headquarters in Delhi was that the company's fortunes would change only if a VRS was offered to its CEOs - not just the workers...
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In the financial year 1999-2000, the company generated revenues of Rs. 162.5 billion and incurred a net loss of Rs 17.2 billion. Yet, as on February 23, 2001, SAIL had a market valuation of just Rs. 340.8 billion, a meager amount considering the fact that the company owned four integrated and two special steel plants...
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