News: 780 accept VRS at Tata Steel as firm tries to lower employee costs

Employee Engagement

780 accept VRS at Tata Steel as firm tries to lower employee costs

Mumbai: Some 780 employees have accepted Tata Steel Ltd’s newly introduced voluntary retirement scheme (VRS), which is part of an attempt by the company to lower employee costs from 12-15% of production cost to less than 10% in the next few years.

Mumbai: Some 780 employees have accepted Tata Steel Ltd’s newly introduced voluntary retirement scheme (VRS), which is part of an attempt by the company to lower employee costs from 12-15% of production cost to less than 10% in the next few years.

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Topics: Employee Engagement, #Corporate

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