When an organization opts for Voluntary retirement Scheme?

When an organization opts for Voluntary retirement Scheme?

VRS serves as a solution of retrenchment. Many organizations opt for VRS scheme in any of the following circumstances:

a. When recession occurs in the business.

b. When there is intense competition, and company can grow only by downsizing

c. When a ventures is joint with other collaborations.

d. When takeovers and mergers happen.

e. When a technology/product is obsolescence.