VRS for Hotel Corp employees

At CHC we will pay a month’s salary for each year employed and a two month’s salary each for future years to be employed up to 65 years of retirement at CHC,” he explained. He said the maximum amount to be paid is Rs.600,000 per employee.

The Ceylon Hotels Corporation (CHC) and the Kandy Hotels Corporation (KHC) are to implement a voluntary retirement scheme (VRS) for its employee once the Act of Parliament of both the corporations is repealed.

“The various staff union presidents have requested this VRS. We had several discussions with them together with the Deputy Minister Tourism and Acting Tourism Secretary, George Michael and we came to an agreement,” Anura Lokuhetty, Chief Operating Officer, Galle Face Hotel Management Company, which manages CHC and KHC, told The Sunday Times FT.

He said that the VRS will cost Rs. 175 million in CHC and Rs. 51 million at KHC. “We will give one months’ salary for the years worked and for years to be worked (the retirement age is 65 years) we will pay two and a half month’s salary for each year in the VRS outlined at KHC.

At CHC we will pay a month’s salary for each year employed and a two month’s salary each for future years to be employed up to 65 years of retirement at CHC,” he explained. He said the maximum amount to be paid is Rs.600,000 per employee.