Tata to offer VRS to 1600 employees in India!

India's largest vehicle makers also are bearing the burnt of the economic slowdown and recession which has prompted them to do cost cutting measures.

“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 a person requesting anonymity, reports Livemint.

The company's employee cost increased from 5.9% to 10.7%. They also faced loss of over Rs.1000 crores. Responding to email, a spokesperson for Tata Motors said that "at the moment, there is no such plans."

Another person requesting anonymity also told that the number of engineering employees will b reduced as it is high in cost.