Discontinues plant operations at Takve; VRS payout Rs 26.87 cr
Endurance Technologies announced the completion of consolidation of plant operations in Pune region. The operations at the Company's plant located at Takve, Taluka Vadgaon Maval, Dist. Pune have been discontinued effective 01 January 2018 and the manufacturing activities have been consolidated with other plants in the Pune region.The company has initiated Voluntary Separation Scheme during the period for achieve this consolidation. The last VSS saw 158 workmen exercising this option at the plant located in Takve, which led to a payout of Rs 26.87 crore.
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