Commercial vehicle major Ashok Leyland on Friday announced Voluntary Retirement Scheme (VRS) for permanent employees across its offices and factories. This is the second time the company announced VRS in the past two years.
N V Balachandar, president (HR, CSR, and Communications) of Ashok Leyland, said the scheme would help the company create a more cost-effective and efficient organisational structure.
The current landscape of the global pandemic provides scope for people to pursue flexible career opportunities and this will provide a window for the same, he said. “There have been many requests from employees for early retirement, and this scheme provides them with a viable exit,” he said.