Hero MotoCorp launches VRS for staff
The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’.
4098 Views
Motorcycle and scooter manufacturer Hero MotoCorp has launched a voluntary retirement scheme (VRS) for its staff.
The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’, consolidating roles and reducing layers to increase empowerment and agility, and is expected to improve efficiency within the company through a lean and more productive company.
Applicable to all staff members, the VRS offers a package that includes among other benefits, a one-time lump-sum amount, variable pay, gifts, medical coverage, retention of company car, relocation assistance, career support etc.
RELATED ARTICLES
M&M revises capex by 20% to boost capacity and expand product lines
Autocar Pro News Desk
27 May 2023
The incremental investment will go into capacity enhancement, product portfolio development, and meeting new regulations...
Harley-Davidson to launch X 440 in India on July 3
Autocar Pro News Desk
26 May 2023
The X 440, upon its release, will be the most affordable Harley available for sale in India.
Mahindra & Mahindra's orderbook swells to 2.9 lakh, capacity to be ramped upto 49,000 units a month
Autocar Pro News Desk
26 May 2023
The company is currently focusing on pending deliveries and no new launches are planned for CY2023.
