News: Ashok Leyland to offer VRS, reassign staff to cut costs

Strategic HR

Ashok Leyland to offer VRS, reassign staff to cut costs

Automobile maker Ashok Leyland (ALL) has decided to cut flab in the executive segment through VRS as well as embark upon cutting fixed costs by re-assigning some of the staff at the plant level towards the sales front, Financial Express reported. According to the report, Ashok Leyland MD Vinod K Dasari said: “We came out with a voluntary retirement scheme in November wherein nearly 500 executives participated (10% of the executives of the company). Both experienced and newcomers took part in this exercise. Similarly, the company moved 50 existing staff working in the plants to sales front to reach out to more customers across the country to shore up sales and we plan to move another 250 such staff to sales and other operations.”

Automobile maker Ashok Leyland (ALL) has decided to cut flab in the executive segment through VRS as well as embark upon cutting fixed costs by re-assigning some of the staff at the plant level towards the sales front, Financial Express reported. According to the report, Ashok Leyland MD Vinod K Dasari said: “We came out with a voluntary retirement scheme in November wherein nearly 500 executives participated (10% of the executives of the company). Both experienced and newcomers took part in this exercise. Similarly, the company moved 50 existing staff working in the plants to sales front to reach out to more customers across the country to shore up sales and we plan to move another 250 such staff to sales and other operations.”

“We see the slowdown as an opportunity to innovate and strategically take many decisions and the company is firm on bringing its debt by R1,000 crore during the fiscal,” he added.

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Topics: Strategic HR, Employee Relations, #Updates, #Corporate

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