Ashok Leyland announces VRS for the second time in last two years

The VRS will be implemented over a period of 9 months at the company offices/factory locations

While equities will help your portfolio combat inflation, debt will generate a regular income

Upon its implementation and execution, the scheme will help optimize the capacity and resources of the company

T E Narasimhan Chennai
Commercial vehicle major Ashok Leyland on Friday announced Voluntary Retirement Scheme (VRS) for permanent employees across its offices and factories. This is the second time the company announced VRS in the past two years.

N V Balachandar, president (HR, CSR, and Commu­nications) of Ashok Leyland, said the scheme would help the company create a more cost-effective and efficient organisational structure.

The current landscape of the global pandemic provides scope for people to pursue flexible career opportunities and this will provide a window for the same, he said. “There have been many requests from employees for early retirement, and this scheme provides them

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First Published: Nov 20 2020 | 5:58 PM IST

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