Hpcl May Offer Vrs Before Selloff

Hindustan Petroleum Corporation (HPCL) has approached the government to approve a voluntary retirement scheme (VRS) for its employees prior to disinvestment.

The corporation is looking at reducing the 12,000 workforce by at least 1,200 and upto 1,800, or about 15 per cent of the total staff strength, senior HPCL officials said.