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100% acceptance of separation scheme by India employees: General Motors

Majority of the employees were from marketing, sales, finance and administration departments

Press Trust of India  |  New Delhi 

A water tank with the GM logo is seen at the General Motors Assembly Plant in Valencia
A water tank with the GM logo is seen at the General Motors Assembly Plant in Valencia

Almost all of the 400 employees of in India, who were offered a (VSS), have accepted the deal, according to the company.

had last month offered the after it decided to stop selling vehicles in by the end of the year. The scheme began on May 19 and ended on June 15.

Majority of the employees who were offered the scheme were from marketing, sales, 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 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.

On May 18, decided to stop selling its vehicles in as there was no turnaround in its fortunes here after struggling for over two decades to make a mark.

President and Managing Director Kaher Kazem had stated around 400 employees engaged in domestic sales and after sales activities would be impacted by the move.

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.

100% acceptance of separation scheme by India employees: General Motors

Majority of the employees were from marketing, sales, finance and administration departments

Majority of the employees were from marketing, sales, finance and administration departments Almost all of the 400 employees of in India, who were offered a (VSS), have accepted the deal, according to the company.

had last month offered the after it decided to stop selling vehicles in by the end of the year. The scheme began on May 19 and ended on June 15.

Majority of the employees who were offered the scheme were from marketing, sales, 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 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.

On May 18, decided to stop selling its vehicles in as there was no turnaround in its fortunes here after struggling for over two decades to make a mark.

President and Managing Director Kaher Kazem had stated around 400 employees engaged in domestic sales and after sales activities would be impacted by the move.

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.
image
Business Standard
177 22

100% acceptance of separation scheme by India employees: General Motors

Majority of the employees were from marketing, sales, finance and administration departments

Almost all of the 400 employees of in India, who were offered a (VSS), have accepted the deal, according to the company.

had last month offered the after it decided to stop selling vehicles in by the end of the year. The scheme began on May 19 and ended on June 15.

Majority of the employees who were offered the scheme were from marketing, sales, 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 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.

On May 18, decided to stop selling its vehicles in as there was no turnaround in its fortunes here after struggling for over two decades to make a mark.

President and Managing Director Kaher Kazem had stated around 400 employees engaged in domestic sales and after sales activities would be impacted by the move.

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.

image
Business Standard
177 22