New Delhi, Nov. 21 -- Ashok Leyland, a Hinduja Group flagship, said on Saturday that it has started a Voluntary Retirement Scheme (VRS) for its employees. Its board of directors, at a meeting held on 6 November, approved the scheme, Ashok Leyland said in a BSE filing. The VRS scheme is open for all those who have completed a minimum one year service with the organisation. The scheme will 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.

"The current landscape of the global pandemic provides scope for people to pursue flexible career opportunities and this will provide a win...