GM India Employees Accept Voluntary Separation Scheme

Even as General Motors India stopped selling vehicles in India, employees of the company were left in the lurch about their future in the automobile industry.

GM had offered a voluntary separation scheme (VSS), and all 400 employees have accepted the deal. The programme started on May 19 and ended on June 19, 2017. Most of the employees who were offered the scheme were from marketing, sales, finance and administration departments.

GM India Employees Accept Voluntary Separation Scheme

A General Motors India spokesperson told PTI, “We are pleased to share that we have received 100 percent acceptance from our employees who were offered separation packages, as a result of restructuring efforts to cease domestic sales and focus on exports,”

The spokesperson added that the company is working closely with the employees and offering them support via career counselling, financial advice, outplacement support as well as flexibility to explore other job opportunities.

GM India Employees Accept Voluntary Separation Scheme

GM India offered compensation of “45 days salary for every year of completed year of service or part thereof in excess of six months” in normal cases. For employees who were nearing retirement, the company offered a compensation of “monthly salary multiplied by the remaining months of service till the normal age of retirement”.

GM India Employees Accept Voluntary Separation Scheme

GM India announced on May 18, 2017, that it would stop selling vehicles in India as it was struggling to make a mark for nearly two decades. However, the company will continue to export vehicles from its manufacturing plant at Talegaon in Maharashtra after it stopped production at its first plant at Halol in Gujarat last month.

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Read more on: #general motors
Article Published On: Monday, June 19, 2017, 13:45 [IST]

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