News: Tata Motors cuts workforce by 21% in drive to cut costs

Employee Relations

Tata Motors cuts workforce by 21% in drive to cut costs

Tata Motors has rationalised the workforce at its Pantnagar plant by almost 21% in the first quarter of 2013-14, indicating that the economic slowdown has begun to infect product categories that were till recently doing well even as the country's growth rate slumped to 5% last year, Economic Times reported.

Tata Motors has rationalised the workforce at its Pantnagar plant by almost 21% in the first quarter of 2013-14, indicating that the economic slowdown has begun to infect product categories that were till recently doing well even as the country's growth rate slumped to 5% last year, Economic Times reported.

The Pantnagar unit makes Tata Motors' category-creating best-seller light truck Ace, which shattered sales records last year, and employed 5,838 people by the end of 2012-13. But between April and June this year, Tata Motors has cut its payroll with staff strength at the Pantnagar plant, going down sharply to 4,630, reflecting 1,208 job losses, according to Provident Fund (PF) contribution records for Tata Motors' Pantnagar unit, accessed by ET.

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Topics: Employee Relations, #IndustrialRelations, #Corporate

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