Ashok Leyland introduces voluntary retirement scheme

The scheme would be implemented over a period of nine months, the company said.

Published: 20th November 2020 06:08 PM  |   Last Updated: 20th November 2020 06:08 PM   |  A+A A-

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Ashok Leyland (File Photo | Reuters)

By PTI

CHENNAI: Hinduja Group's Ashok Leyland has announced a voluntary retirement scheme for its employees, the company said on Friday.

Its board of directors, at a meeting held on November 6, approved the scheme, Ashok Leyland said in a BSE filing today.

The scheme would be implemented over a period of nine months, the company said.

Upon implementation and execution, the VRS would help optimise the capacity and resources of the company, the heavy vehicles-maker said in the filing.

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