Buy custom SAIL'S VOLUNTARY RETIREMENT SCHEME
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| Topic: |
Technology
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| Number of pages / Number of words: |
11 / 2809 |
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To increase share value, McKinsey suggested a phased divestment schedule. The plan envisaged putting the flat products company on the block first, as intense competition was expected in this area, and the long products company at a later date.
Financial restructuring envisaged waiver of Steel Development Fund[4](SDF) loans worth Rs 50...
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The government also agreed to provide guarantee for raising loans of Rs 15 billion with a 50% interest subsidy for the amount raised. This amount had to be utilized for reducing manpower through the voluntary retirement scheme. Another guarantee was given for further raising of Rs 15 billion, for repaying past loans...
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General points of the essay
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