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Karachi Electric Supply Company has decided to offer Voluntary Separation Scheme (VSS) one last time for the benefit of the non-core woorkers to opt for the scheme. The KESC has designed the scheme keeping in mind the maximum financial benefits that can be extended to the respective non-core workers, not only considering the market trend but also bearing in mind best practices for such offers.
The KESC has said that the scheme carries very attractive benefits considering the average monthly salaries of non-core workers who are offered this package. If the separating workers deposit the money in any regular profit scheme, the monthly earning would be equal to, in most cases even greater than, their current monthly salaries. This final offer can also prove to be a freedom platform for many, who had the skills and desire but lacked the capital to pursue their independent entrepreneurial streak. KESC has made it clear that no other package will be announced after this scheme and non-core workers are encouraged to accept this final offer.-PR

Copyright Business Recorder, 2011

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