RETIREMENT AT ONGC - A BREAKDOWN BY RANK

Vol 3, PW 4 (17 Mar 99) Exploration & Production
     

Figures obtained from ONGC indicate that as of 16 February 1999, a total of 2,151 employees of a total work force of 42,158 applied for premature retirement under ONGCs Voluntary Retirement Scheme (VRS).

Of this, the vast majority (1,094) are with ONGCs Western Regional Business Centre (WRBC) at Baroda, currently in the throes McKinsey-inspired restructuring. ONGCs Executive Directors and Heads of research institutes have been empowered to accept or reject VRS applications for all officers below the rank of General manager (E7).

Only ONGCs board has the power to accept or reject VRS applications from General Managers and above. Compensation for VRS applicants is the equivalent of two years salary.

RANK APPLICATIONS E9 - Executive Director 1 (Dehra Dun) E8 - Group General Manager 15 E7 - General Manager 43 E6 - Deputy General Manager 76 E5 - Chief Engineer 90 E4 - Superintending Engineer 235 E3 - Dep Superintending Engineer 580 E2 - Executive Engineer 173 E1 - Assistant Executive Engineer 295 E0 - Assistant Engineer 286 Class III & IV Support Staff 357 Total:- 2151 (Source: Office of Director Personnel, ONGC)