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Honda Motorcycle and Scooters India (HMSI) introduced a voluntary retirement scheme on Tuesday as it seeks to “realign its production strategy” and improve overall efficiency in these “uncertain times,” the company said in an internal circular to its employees. Employees above the age of 40 or who have completed 10 years in the company are eligible for the scheme.
The development at HMSI, India’s second largest two-wheeler manufacturer, comes a fortnight after Honda’s car manufacturing arm, Honda Cars India announced re-aligning its production. As part of the move, it has consolidated the manufacturing operations for vehicles and components at its Tapukara
