Q.

'Golden Handshake Scheme' is associated with -

A. inviting foreign companies
B. private investment in public enterprises
C. establishing joint enterprises
D. voluntary retirement
Answer» D. voluntary retirement
Explanation: The voluntary retirement scheme (VRS) is the most humane technique to provide overall reduction in the existing strength of the employees. It is a technique used by companiesfor trimming the workforce employed in the industrial unit. It is also known as 'Golden Handshake' as it is the golden route to retrenchment.
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