Toyota Kirloskar Motor commences voluntary scheme

Toyota Kirloskar Motor commences voluntary scheme

The company, which is a joint venture between Japanese auto major Toyota and Kirloskar group, has commenced the scheme for its unionised employees and supervisory category with a minimum of five years of service at the plant.

FPJ BureauUpdated: Monday, October 07, 2019, 09:02 AM IST
article-image

New Delhi: Automaker Toyota Kirloskar Motor (TKM) has initiated a voluntary retirement scheme for the employees of its manufacturing facility in Bidadi, Karnataka.

The company, which is a joint venture between Japanese auto major Toyota and Kirloskar group, has commenced the scheme for its unionised employees and supervisory category with a minimum of five years of service at the plant.

Nava-Jeevana Yojane- a voluntary depersonalisation scheme, commenced from Septemeber 22, is scheduled to run till October 23. When contacted, TKM Vice-Chairman Shekar Viswanathan told PTI that the scheme is purely voluntary and has no relation to TKM's business situation.

RECENT STORIES

Union Finance Minister Nirmala Sitharaman & Andhra Pradesh CM Jointly Lay Foundation Stone For The...

Union Finance Minister Nirmala Sitharaman & Andhra Pradesh CM Jointly Lay Foundation Stone For The...

Room Air Conditioners' Demand Runs Higher During Festive Season, Boosted By Deferred Purchases...

Room Air Conditioners' Demand Runs Higher During Festive Season, Boosted By Deferred Purchases...

India Ranks 3rd In Asia Power Rankings, Lowy Index Shows Strong Economic Gains But Gaps In Defence...

India Ranks 3rd In Asia Power Rankings, Lowy Index Shows Strong Economic Gains But Gaps In Defence...

Gold & Silver Prices Skyrocket, Buoyed By Firm Global Trends & Budding US Federal Rate Cut...

Gold & Silver Prices Skyrocket, Buoyed By Firm Global Trends & Budding US Federal Rate Cut...

Apollo Pharmacy Plans To Open Two New Stores Every Day, Transforming Customer Base To 10 Crore...

Apollo Pharmacy Plans To Open Two New Stores Every Day, Transforming Customer Base To 10 Crore...