Slowdown impact: Ashok Leyland starts staff separation schemes to cut cost

The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market

Ashok Leyland has introduced Voluntary Retirement Scheme (VRS) and Employee Separation Scheme (ESS) for executive level employees as part of its plan to cut cost to mitigate the slowdown in the industry. Meanwhile, a section of its workers at the shopfloor of its Ennore factory have started protesting over the issuance of bonus.

According to the company's annual report, the total number of employees stood at 11,966 and total number of temporary, contractual and casual staff was 16,910.

The company management did not respond to Business Standard queries on the matter.

The schemes are applicable to all permanent executives of