Hero MotoCorp launches VRS for staff

The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’.

Autocar Pro News Desk By Autocar Pro News Desk calendar 05 Apr 2023 Views icon4098 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

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.

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