| || ||Thread Tools||Search this Thread|
|7th July 2016, 12:10||#1|
Join Date: Jul 2014
Thanked: 587 Times
Mahindra 2-Wheelers provides VRS scheme to 250 workers
As a result of an undisclosed vertical's inability to meet expectations, Mahindra 2 Wheeler has given the voluntary retirement scheme to 250 workers from this vertical. A formal announcement will be made in the next couple of months.
Director Pawan Goenka said that they were unlikely to exit the 2 wheeler business despite the blow of 12.7% in 2015-16. He also confirmed the participation of Pininfarina, an Italian design firm it acquired the last year in the development of new vehicle.
Earlier, it decided to reduce the workforce from 1,100 to 400.
Source : http://auto.economictimes.indiatimes...rkers/53081157
|The following BHPian Thanks MunnabhaiMBBS for this useful post:|
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Tata Motors cutting fat. Offers VRS to workers||Tushar||The Indian Car Scene||6||4th March 2015 08:35|
|Traffline takes on Google Maps, provides real-time info on traffic jams||iVento||Street Experiences||3||23rd November 2013 23:56|
|Yamaha Fazer 250" and the Honda CBX 250 Twister||devil_in_flesh||Motorbikes||19||13th November 2013 14:25|
|Should I buy a used Ninja 250 or new CBR 250? Edit - Bought a used Ninja 250||RacerByHeart||Motorbikes||45||17th September 2011 10:51|
|Corolla engine block defect. EDIT : Toyota provides resolution||inder||Technical Stuff||19||6th September 2008 13:12|