News: Tata Motors to cut costs through VRS

Compensation & Benefits

Tata Motors to cut costs through VRS

To build a younger and efficient workforce and to cut costs, Tata Motors has introduced a VRS for all employees. The company’s statement reveals that it is in alignment with the company’s direction for market alignment. The scheme entails a monthly payout (including base salary and dearness allowance) that begins at the date of separation and continues until the employee turns 60.

To build a younger and efficient workforce and to cut costs, Tata Motors has introduced a VRS for all employees. The company’s statement reveals that it is in alignment with the company’s direction for market alignment. The scheme entails a monthly payout (including base salary and dearness allowance) that begins at the date of separation and continues until the employee turns 60.

Read the Financial Express news report here.

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Topics: Compensation & Benefits, #Current, #Corporate

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