New Delhi/Mumbai, Dec. 6 -- Tata Motors Ltd is working on a voluntary retirement scheme (VRS), said four people aware of the matter, as India's largest vehicle maker bears the brunt of a prolonged slowdown in the domestic market.
The scheme will be offered to employees of different departments, across its businesses of passenger and commercial vehicles, said one of the four people cited above, requesting anonymity.
"This year, Tata Motors' employee cost-cutting plans are more aggressive than the previous times. Besides removing surplus staff at JLR in recent months, the company is now seeking voluntary retirements from more than 1,600 people across all locations and hierarchies," said the person.
Tata's move would follow other vehicle ma...