Regulator Cancels Headquarters Relocation and Offers Buyouts
The agency abandoned its planned move after determining it needed additional space. It is also offering voluntary buyouts to some long-serving staff members.
ndtv.comThe regulator has canceled a previously scheduled headquarters relocation, stating that current facilities no longer meet its space requirements. Agency officials said the decision follows an internal review that identified insufficient room for operations at the intended new site. At the same time, the regulator began offering buyouts to certain long-tenured employees.
The buyout program targets staff members who have worked at the agency for extended periods. No specific number of employees or total cost figures have been released.
Officials have not announced a revised timeline for any future office adjustments. The agency continues normal regulatory functions while managing the staffing and space reviews.
