VRS package for the employees of Hindustan Photo Films Mfg. Company Limited

No: ----- Dated: Feb, 28 2014

VRS package for the employees of Hindustan Photo Films Mfg. Company Limited

The Cabinet Committee on Economic Affairs has approved the proposal for providing non-plan budgetary support of Rs. 181.54 crore for VRS at 2007 notional pay scales as one time relaxation of DPE Guidelines for all employees of Hindustan Photo Films Mfg. Co. Ltd. (HPF), Udhagamandalam (Tamil Nadu). This is a Central Public Sector Enterprise [CPSE] under the Department of Heavy Industry [DHI], Ministry of Heavy Industries & Public Enterprises (HI&PE).

Employees of the company are in the 1987 pay scale. With the increased cost of living, it is very difficult for them to survive and meet their immediate financial obligations. With this decision employees will come out of their current financial crises. The enhanced VRS will also help HPF employees in their post retirement rehabilitation.