Tata Motors offers VRS scheme to employees; auto major's 3rd in four years

Tata Motors offers VRS scheme to employees; auto major's 3rd in four years
VRS scheme, being offered for the third time in four years, is expected to reduce expenses with regard to fixed cost structures. Company has specified eligibility criteria, under which those who have been with it for five years or more can apply
BusinessToday.In | December 12, 2020 | Updated 10:51 IST
Homegrown auto major offered the VRS to over 1,600 employees in 2019 too
India's largest automaker in terms of revenue, Tata Motors has offered a voluntary retirement scheme (VRS) to its 42,597 employees as part of its turnaround strategy. As per an estimate, around half of the total employees are eligible for the VRS scheme.

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