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.

Read full story

Topics: Compensation & Benefits, #Corporate, #Current

Did you find this story helpful?

Author

QUICK POLL

How do you envision AI transforming your work?