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Goa Mining Companies Offering VRS To Employees - GMOEA

Mining News - Published on Tue, 25 Jun 2019

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PTI, citing industry body GMOEA, reported that after mining operations in Goa came to a standstill in March 2018, the companies have come under intense pressure and are offering various financial options to their employees, including VRS. Goa Mineral Ore Exporters' Association President Mr Ambar Timblo told "Between 2012-2015, majority of the companies gave no lay offs. I mean it was very minimum. And the pressure from last year is building on day to day basis that companies are offering financial options to their employees to either take VRS or settlement."

However, the mining sector has been defunct in Goa since March last year following a Supreme Court order quashing 88 mining leases. Replying to a question Mr Timblo said that in case of layoffs, the direct or confirmed employees of the mining companies will come in the last round. Big mining companies like Vedanta would be the last one to do layoffs. He said that the first round of layoffs will affect labourers that come into Goa from outside.

As per an industry source said, Vedanta, a leading iron ore miner is Goa - has asked a chunk of its employees in the iron ore business of the state to sit at home in the absence of any work.

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Posted By : Mohan Sharma on Tue, 25 Jun 2019
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