Ashok Leyland introduces voluntary retirement scheme

CHENNAI: Hinduja Group's Ashok Leyland has announced a voluntary retirement scheme for its employees, the company said on Friday.
Its board of directors, at a meeting held on November 6, approved the scheme, Ashok Leyland said in a BSE filing today.

The scheme would 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.