Honda Motorcycle & Scooter India rolls out VRS to employees
January 06, 2021
The scheme will be effective from January 5 and will remain open till January 23
Country’s largest scooter maker Honda Motorcycle & Scooter India (HMSI) on Tuesday introduced a voluntary retirement scheme (VRS) for its employees above the age of 40 or who have completed 10 years in the company.
The company said it is realigning its production strategy for improved overall operational efficiency with the objective of ‘long term business sustainability’ in these uncertain times.
“In order to maintain existence in this competitive two-wheeler market, it is essential to continue with high effiency and competitiveness. Therefore, keeping in view all the above reasons, the management has introduced a ‘VRS’ for all the associates who want to retire voluntarily from the company before their fixed retirement age, so that they can be relieved from the company gracefully,” Naveen Sharma, Division He
Honda Motorcycles offers voluntary retirement to employees in India - Honda Motorcycles and Scooters India, the country's second-largest manufacturer of two-wheelers, made the offer to 'maintain its existence' in India.