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Majority of the employees who were offered the scheme were from marketing, sales, finance and administration departments.
"We are pleased to share that we have received 100 per cent acceptance from our employees who were offered separation packages, as a result of restructuring efforts to cease domestic sales and focus on exports," a General Motors India spokesperson told PTI.
When asked how many employees were offered the VSS, the spokesperson said it was around 400.
The company is working closely with the employees and providing them support through career counselling, financial advice, outplacement support and flexibility to explore other job opportunities, the spokesperson added.
The employees were offered compensation of "45 days salary for every year of completed year of service or part thereof in excess of six months" in normal cases.
On the other hand, for those who are nearing retirement, GM offered employees compensation of "monthly salary multiplied by the remaining months of service till normal age of retirement".
The minimum compensation payable eligible was three months salary.
The company will now focus on exporting vehicles from its manufacturing plant at Talegaon in Maharashtra after it stopped production at its first plant at Halol in Gujarat last month.