Tata Motors Voluntary Retirement Scheme

While it has been speculated that the number of employees to be offered VRS could be around 500, the spokesperson declined to confirm saying "it is still in discussion stage".

Tata Motors has already embarked upon a big organisational restructuring - with a view to enhance efficiencies. As a part of that larger exercise - which will result in a 2- tier management system - the company is now all set to offer a Voluntary Retirement Scheme or VRS - the first big move under the leadership of new Chairman N Chandrasekaran. Ac...

"As a part of these initiatives, the company has announced a Voluntary Retirement Scheme (VRS), presently intended for the workmen," it said.

Hurt by a prolonged slowdown in India's auto industry, Tata Motors will offer a voluntary retirement scheme to a section of employees as it looks at rationalising costs.

While it has been speculated that the number of employees to be offered VRS could be around 500, the spokesperson declined to confirm saying "it is still in discussion stage".

Tata Motors has already embarked upon a big organisational restructuring - with a view to enhance efficiencies. As a part of that larger exercise - which will result in a 2- tier management system - the company is now all set to offer a Voluntary Retirement Scheme or VRS - the first big move under the leadership of new Chairman N Chandrasekaran. Ac...

"As a part of these initiatives, the company has announced a Voluntary Retirement Scheme (VRS), presently intended for the workmen," it said.

Hurt by a prolonged slowdown in India's auto industry, Tata Motors will offer a voluntary retirement scheme to a section of employees as it looks at rationalising costs.