Hindustan Motors Limited offers VRS to its employees

The C K Birla owned Hindustan Motors Limited, which was put under suspension of work since May 24 this year, today offered VRS to all its employees. The VRS notice was pasted on the gates of the company's Uttarpara unit by the management, which said all workers would be paid their statutory dues plus and additional amount of Rs one lakh each. The VRS scheme would be applicable from today (November 9) till November 20, both days inclusive, the company said in a statement. The Uttarpara unit of Hindustan Motors (HM) employed about 2,300 odd workers.

Read the Economic Times news report here.