Having announced Voluntary Retirement Scheme or VRS for its employees recently, Tata Motors said that it has reduced its managerial workforce domestically by 10-12 per cent as part of an organisational restructuring exercise. The Indian automaker declared its financial results for the fourth quarter of 2016-17 and that’s where the company Managing Director and CEO Gunter Butschek spoke about the reduction in workforce.
Speaking at the event, Butschek said, “The reference on which we started was in the vicinity of 13,000. We do see as far as the white collar population is concerned, an overall reduction in the vicinity of 10-12 per cent.” The 10-12 per cent workforce equates to arou…
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