Ashok Leyland today announced a Voluntary Retirement Scheme (VRS). Conceived as a response to the continuing slowdown, the scheme aims to reduce manpower costs and align fixed costs to reduced activity levels.
While the company maintained market share in the last quarter, volume pressures continue and we need to take some definite steps to manage the slowdown. The VRS package will be fair and would provide adequate compensation to any employee who opts for it.” said Vinod K. Dasari, Managing Director, Ashok Leyland.
While the company maintained market share in the last quarter, volume pressures continue and we need to take some definite steps to manage the slowdown. The VRS package will be fair and would provide adequate compensation to any employee who opts for it.” said Vinod K. Dasari, Managing Director, Ashok Leyland.
