Toyota Kirloskar Motor initiates VRS for employees at Karnataka unit
Nava-Jeevana Yojane, a voluntary depersonalisation scheme, begun from September 22, is scheduled to run till October 23.
TKM Vice-Chairman Shekar Viswanathan said the plan was simply voluntary and has no relation to TKM’s organisation circumstance. “The plan is launched in order to support the staff members to make sure profession modification with financial security and to accomplish
their aspirational objectives or preferred career by separating from the organisation,” Viswanathan stated.
Employees opting to request the plan will receive a compensation plan in addition to normal retirement advantages, he included.
TKM uses around 6,500 individuals in the nation.
It has 2 plants at Bidadi with a total installed production capability of 310,000 units per annum.
The business produces designs like Innova and Fortuner from the first plant that started operations from December 1999. The 2nd facility rolls out designs like Corolla Altis, Toyota Yaris, and the Etios range.